01-28-2006, 10:37 AM
i agree with you for the most part.
I for one wish Reliance to succeed. At least they have genuine interests in India's development.
yes. they do. more than the Tatas even. i wish they'll be successful in throwing the walmarts out
I believe that most foreign retailers will have a hard time in penetrating the Indian market except for few rich suburbs like Gurgaon, Navi Mumbai...
the retailers could go for costly goods - say 5 walmart outselts each in all top cities that only have tvs, vcrs etc
Remember, Walmart's success depends upon the ability of customers to take a car and fill in with all the junk they can buy. Where they will find such huge spaces in India? How many people in India have cars??
within 5 years the number of car owners will double - 1 lac rupee car is comming soon, cheap fuel alternatives will also come
Regarding prime brand retailers, also, they will fall flat as Indians are very value conscious. They won't throw in money like Arabs to buy a Rolex, Louis Vuitton.
i agree totally with u there
I feel that foreign retailers will fare terribly and soon exit from the nearest door.
that means all the indians who take up jobs in their companies have bad news in store.
Remember, India has the best capital productivity in the world not for nothing.
whats "capital productivity" exactly?
All foreign retailers will learn it hard way in India. May be they can learn few tips from Big Mac which serves maximum veggy burgers and no ham burgers in India.
yes, the outlets will have to be india-centric.
Remember Indians are traders since BC, Prehistoric period.......they were the world's first traders ......in fact people from all over the world came to India to buy spices, silk, gems, textiles..........and other Indian goods....
yes. we will take over the business of the world this century, by 2050 in fact
They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.
yes... we will pay them back with interest.. .. mittal just bought arcelo or whateevr its called
I for one wish Reliance to succeed. At least they have genuine interests in India's development.
yes. they do. more than the Tatas even. i wish they'll be successful in throwing the walmarts out
I believe that most foreign retailers will have a hard time in penetrating the Indian market except for few rich suburbs like Gurgaon, Navi Mumbai...
the retailers could go for costly goods - say 5 walmart outselts each in all top cities that only have tvs, vcrs etc
Remember, Walmart's success depends upon the ability of customers to take a car and fill in with all the junk they can buy. Where they will find such huge spaces in India? How many people in India have cars??
within 5 years the number of car owners will double - 1 lac rupee car is comming soon, cheap fuel alternatives will also come
Regarding prime brand retailers, also, they will fall flat as Indians are very value conscious. They won't throw in money like Arabs to buy a Rolex, Louis Vuitton.
i agree totally with u there
I feel that foreign retailers will fare terribly and soon exit from the nearest door.
that means all the indians who take up jobs in their companies have bad news in store.
Remember, India has the best capital productivity in the world not for nothing.
whats "capital productivity" exactly?
All foreign retailers will learn it hard way in India. May be they can learn few tips from Big Mac which serves maximum veggy burgers and no ham burgers in India.
yes, the outlets will have to be india-centric.
Remember Indians are traders since BC, Prehistoric period.......they were the world's first traders ......in fact people from all over the world came to India to buy spices, silk, gems, textiles..........and other Indian goods....
yes. we will take over the business of the world this century, by 2050 in fact
They could not have enough of Indians goods hence they came like robbers/looters in the guise of colonizers.
yes... we will pay them back with interest.. .. mittal just bought arcelo or whateevr its called