Assistant Professor/Economics, School of Social Sciences and Humanities, B.S. Abdur Rahman University, Chennai - 48
Online published on 27 August, 2014.
Prior to the introduction of economic reforms in India, India was conservative regarding FDI, i.e., it imposed restriction on foreign companies to limit their share in equity capital of their Indian subsidiaries. However, over the time Government of India gradually liberalized foreign investment in various sectors. Recently in 2011 India permitted 100% FDI in single brand retail and in 2012, 51% FDI permitted in multi brand. This paper initiates to throw light on the issues, challenges and benefits that would accrue to the economy of India due to FDI in retail.
Foreign direct investments, FDI in retail
