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Indian retail policy attacked

Indian political think tank feels that large retailers will put small shop owners out of business. In the past as well as present these small shop owners make huge profits without a healthy competition and evade taxes by selling without invoice.

Don't you feel that Indian consumers should be treated fairly and government get the tax revenue..

One of the reason the taxation is quite high is probably there is so much tax evasion. When the business is organised, there is a seperation of ownership and management which promotes good corporate governance and accounting. The checks and balance will make it difficult to evade taxes.

A healthy competition with both Indian and foreign players would be beneficial for Indian consumers who have been suffering and paying more because of non competitive retail sector.

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Santosh Puthran

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