Gautam, India has immensely benefited from IT out sourcing. But many have a mis conception that it%u2019s because of cheap labour. Though its one of the factors the major factor was our large pool of talented young engineers. Wal- mart entering into India is not similar to IT out sourcing.
No body would deny cheap vegetables or commodities. But what is cheap? How much is cheap? Price of any commodity depends on the labour cost profit material cost (land, power, seeds, fertilizers what ever is applicable). Big companies like Wal mart can negotiate for cheaper prices at the cost of exploiting farmers or small traders. They insist on keeping their brand name on every product they sell. So end of the day you get some thing cheap at the expenses of some one loosing their bread. Would you prefer that?
We should have open trade by protecting our own interests and people. Do you know how the so called developed countries protect their own interests?
