Traders Forum against Wal-Mart entry into India

The Economic Times reports that traders in Delhi have opposed the entry of US giant Wal-Mart into the county as they feel it would leave the domestic traders “totally unprotected”. According to Praveen Khandelwal, General Secretary of the Confederation of All India Traders (CAIT), "The Foreign Direct Investment in retail sector will prove to be much detrimental to the interests of internal trade of the country, which is contributing about 70 per cent to the national exchequer.”