The retail sector in India has been developing since the liberalization of Indian economy. It is found as a promising one in contributing a lot to the national income and in term the growth of the Indian economy. It is beyond-doubt that this sector can get higher and reach the paramount of Indian economic development provided the required infrastructure. But unfortunately, in recent past the Government of India took a provisional decision to accept investments of FDIs in retail sector at 51 percent, which is ironical in nature. Because, the retail sector in India is looking for necessary infrastructure, whereas FDI flows require a structured infrastructure to take-up or involve in the business segments in any country, particularly India. Without looking at this reality, the government of India by not approaching the parties concerned and taking into consideration the concerns of the stakeholders in a colossal way the decision with regard to FDI in retail sector has been made. Hence, there was a huge level of resistance and hue and cry towards the decision. However, now there is a big question in front of government of India that whither FDIs in retail sector? The present paper is a modest attempt to discuss on the need and relevance of FDI in retail sector and the reflection of the same over Indian economy in a comprehensive manner.
FDI, infrastructure, Retail Sector, Indian Economy, Economic development
