Retail chains are a threat to Indian market because -
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Small local chains (grocery stores) will be destroyed
Option (3) Small local chains (grocery stores) will be destroyed — Correct. When big retail chains and departmental stores come in, the question is whether people will still shop at grocery stores and small textile shops in the neighbourhood, or whether these will go out of business. The threat is to the small local shopkeeper.
NCERT (2025-26): “Globalisation, Liberalisation and Changes in Indian Industry … Since the 1990s, the government has followed a policy of liberalisation. Private companies, especially foreign firms, are encouraged to invest in sectors earlier reserved for the government, including telecom, civil aviation, power, etc. Licenses are no longer required to open industries. Foreign products are now easily available in Indian shops. As a result of liberalisation, many Indian companies— small and large, have been bought over by multinationals.…” “…This level of advertising has naturally increased the consumption of coke across India replacing many traditional drinks. The next major area of liberalisation is in retail. Do you think that Indians will prefer to shop in grocery stores, small textile shops in your neighbourhood or in small towns, departmental stores, or will they go out of business?…” |