Being an economist, he replied with various technical terms which can be understood only by a student of Economics. But one term used by him, caught my attention. It is not taught in the regular studies of "Forms of Market".
He said that the Foreign retail giants will have "Monopsony Power".
In simple terms Monopsony means a Market where there is Single Buyer facing Multiple Sellers.
If this has triggered your curiosity, then check the following links for additional discussion.
Hope you find this interesting.
About the question of FDI in retail, will actually unleash the monopsony power of retail giants or not, will be answered only by the times to come and the measures taken by the Government to control the same.
--- Anand More