This threat appears more hype than fact. With the advent of so many cars & two wheelers on Indian roads, did the autorickshaws and city buses vanish?
With so many airlines sprouting up, are we still able to get train reservations without hassles?
The Indian population explosion will always help level things out.
In my opinion, the traditional retail trade would instead do well to improve quality of service, hygiene standards and a highly professionsl approact to customers.
If the professional standards are available next door, who would go to these organized retailers?