This refers to a discussion with a leading retailer in T Nagar area of Chennai (Madras). This retailer is known for low prices.
The question was why could the retailer not expand to other cities. The retailer highlighted that he can not go to Hosur, let alone Bangalore – the business “necessitates” his local presence. Contrast this with Sam Walton who started off from little Arkansas and within decades could roll out nationally in the United States.
Real challenge to the Indian economy has been the crony socialism & its derivatives- corruption, ad-hocism, all nurtured by CON-party’s very sickular Jawarhalal Nehru and family. There is a positive correlation between sickularism and poverty.
The narratives centered on binaries of efficiency/small businessman perpetrated by cronyist media and the ignorant is a fraud on the gullible Hindu. Key issue in the Indian economy remains the lack of structural reforms, lack of level playing field with the dice loaded in favor of cronies and the dubious.