A CRITICAL ANALYSIS OF FDI IN RETAIL SECTOR IN INDIA

Dr. Rajesh sharma

Abstract


India being a signatory to World Trade Organization's General Agreement on Trade-in Services, which includes wholesale and retailing services, had to open up the retail trade sector to foreign investment. There were initial reservations towards this issue arising from fear of job losses, procurement from international market, competition and loss of entrepreneurial opportunities to locals. However, the government in a series of moves opened up the retail sector slowly to Foreign Direct Investment (.FDI.). In 1997, FDI in cash and carry (wholesale) with 100% ownership was allowed under the government approval route. Subsequently it was brought under the automatic route in 2006.Then 51% investment in single brand retail was permitted in 2006.

Full Text:

PDF

References


"Retailing in India Unshackling the chain stores". The Economist. 29 May 2008.

Ikea shelves Indian retail market move". The Financial Times. 22 January 2012.

The Supermarket Revolution in Developing Countries, Policies for “Competitiveness with Inclusiveness”, Thomas Reardon and Ashok Gulati, IFPRI Policy Brief 2 June 2008.

"Indian retail: The supermarket's last frontier". The Economist. 3 December 2011.

INDIAN RETAIL INDUSTRY: A Report". CARE Research. March 2011.

"Walmart Fact Sheets". Wal-Mart. November 2011.


Refbacks

  • There are currently no refbacks.