prof vaidya on why mom and pop retail deserves support

aug 3rd, 2010

i generally agree with the prof, although i am not sure in this instance. 

---------- Forwarded message ----------
From: Vaidyanathan R

http://www.dnaindia.com/mobile/report.php?n=1418024&p=0

Our kiranas deserve better, including a ministry of their own

R Vaidyanathan

August 3, 0:04 IST

Trade, with a GDP share of 15.1%, only slightly less than manufacturing at 15.6%, is an important segment of the economy.

More than 125 lakh kirana stores provide a source of livelihood to 16 crore people. Retail trade has grown faster than the economy: it registered a compounded annual growth rate (CAGR) of 9.4% between 2004-05 and 2008-09 when the Indian economy grew at 8.66%.

The retail trade comprises all kinds of people and formats — from street vendors to departmental stores of various types, shapes and characteristics.

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