FDI in Indian Retail Sector

Presently in India, Retail sector is growing faster with the contribution of more than 10% of India's GDP. It provides for 8% employment in the country. As FDI in Indian retail sector is concerned, it will lead to great impact on unorganized and organized retailing as well as on different aspects of Indian Economy. In Current scenario, the government has given permission for 49% FDI in single brand retailing and 51% FDI in multi brand retailing through automatic and Government route. Even Make in India concept of Indian government with FDI will impact the economy to greater extent. Data for research are taken from Global retail Development Index and Retailer Association of India 2015 reports. The research paper also focuses on different store formats in India and current FDI policy for foreign players. As FDI is going to enter Indian retail sector, it leads to change the store formats and its different factors. It gives information on global retail development index and its analysis for Indian retail sector. FDI in Indian retail sector directly affect employment, infrastructure, traditional retailers, balance of payments and the overall economy.