|
India's Buying Power & Tradition Struggle Video |
|
|
|
|
Contributed by J. R. Ransom
|
 Avnishwar Sawhney India: Struggle with buying power & traditional ways Video (2min31sec). Multinational corporations are trying to take advantage of India's booming economy. But it's sending small family-run shops out of business.
Nilanjan Chowdhury reports on a retail revolution that's causing much debate on the streets of Delhi.
India is becoming a prime target for foreign investors, especially large companies wanting a slice of the country's thriving retail industry. Multinational firms and large stores are trying to take advantage of India's booming economy. But it's sending small family-run shops out of business...
Avnishwar Sawhney runs a small shop in New Delhi. "(Our) Needs are very limited. And we don't hanker for anything beyond what we have. We are quite happy with what we have and that is part of being spiritual."
A Travel Note: "Khan Market is a place where my wife and I have gone for 12-13 years in New Delhi. The market is in an area near the 'Golf Links' section (which could be called 'the Beverly Hills' of Delhi), as well as next to the elegant Ambassabor Hotel. It's a really nice market with lots of little shops frequented by lots of foreigners. Several excellent restaurants like Blance, and Side Wok, and The Big Chill. Very pleasant place that just gotten has even better over the years. - J. R. Ransom, New Delhi Dec 2007. |