Its contradictary... He says walmart in developing countries are not low cost destinations but upscale market. This means an average indian consumer would not go there... then how does it affect a small trader who anyways doesnt get an upmarket consumer?
The second claim of low wages...is also incorrect...as if to say the small traders pay the employee very well and walmart wouldnt.
Dumping produce from other countries...like bringing tea from sri lanka and bangladesh. Even today we get tea from these countries and they have not affected our produce. Imports with or without walmart will continue and market forces will decide if they can be successful or not.
The problem with walmart is not in india but in US where it is a low cost market sourcing products from china, india and low cost destinations...thereby making it difficult for american manufacturers to compete.
