FDI in Retail - a balanced view of pros and cons is required...
FDI IN RETAIL – TAKE A BALANCED VIEW OF PROS AND CONS... After I published my note on FDI in Retail and termed it boldly as a 'welcome move' - I have been flooded with posts - congratulating me and criticizing me. There has been lot of hoopla over Foreign Direct Investment in the Retail sector. With the elections coming up in few states, the central government has finally bit the bullet and approved the 100% FDI in multi-brand retail. FDI in Retail is likely to usher in further economic reform. Let us discuss the Pros and Cons of FDI in Retail. Before discussing that let us have a look at the overall economic status of retail sector at present. Let us have a look at the Indian retail industry The Indian retail industry has scaled impeccable growth over the last decade with an amiable acceptance to organised retailing formats. The industry is maturing towards modern concept of retailing, cornering the conventional unorganised family-owned businesses. India ha