FDI in Multi Brand Retail in India
This paper explains that government of India is firm to implement the FDI in “multi-brand retail in India”. Government has decided to allow 51% FDI in multi-brand retails.FDI in retail sector in India will lead to economic growth and creation of new jobs along with rural infrastructure development. Passing the proposal has cleared the floor for welcoming the multi brand retail chain like wall mart, Tesco & Carrefour in the country for setting up of their shop and retail outlets. It can be said that the advantages of allowing unrestrained FDI in the retail sector evidently outweigh the disadvantages attached to it and the same can be deduced from the examples of successful experiments in countries like Thailand and China where too the issue of allowing FDI in the retail sector was first met with incessant protests, but later turned out to be one of the most promising political and economic decisions of their governments and led not only to the commendable rise in the level of employment but also led to the enormous development of their country’s GDP.
Key words: GDP, FDI. Retail Sector, Growth, Investment.
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