FDI in retail will lead to large-scale unemployment: BJP
November 21, 2012  22:42
Strongly opposing FDI in multi- brand retail, Madhya Pradesh BJP today said the decision will only help companies like Walmart which were being "pushed out" of the US market, and render lakhs of Indians jobless. 

Retail giants like Walmart were being "pushed out" of the American market but were being given shelter in India, State BJP President Prabhat Jha said. Wherever these companies have entered, they have created problems like unemployment and caused decline in number of people taking up farming as profession, he said. 

Jha was addressing a rally organised by BJP as part of its nationwide protest against the Congress-led UPA Government's decision to allow foreign investment in the retail sector and also price rise.
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