"FDI in India's Multi Brand Retail Sector": How to Get Ready for the Big Play

Nair, Girish K; Nair, Harish K

ISBN 10: 3656081670 / ISBN 13: 9783656081678

Published by Grin Verlag, 2011

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Seller Inventory # I-9783656081678

Bibliographic Details

• Title: "FDI in India's Multi Brand Retail Sector": How to Get Ready for the Big Play
• Publisher: Grin Verlag
• Publication Date: 2011
• Language: English
• ISBN 10: 3656081670
• ISBN 13: 9783656081678
• Binding: Soft cover
• Condition: New

About this title

Synopsis

Scientific Essay from the year 2011 in the subject Business economics - Trade and Distribution, language: English, abstract: ABSTRACT With US President's visit, Planning Commission has given green signal to FDI in multi brand retailing. Only 51 per cent FDI in single-brand retail is permitted in India. Multi brand retailers were only allowed to operate wholesale outlets. The paper will cover how FDI in retail sector can be introduced, benefits of allowing FDI, how to have control over the global players, and how local retailers can survive in spite of the big players. The retail industry in India is of late often being hailed as one of the sunrise sectors in the economy. Emergence of organized retail sector in India has more to do with increasing purchasing power of buyers and modern supply and logistic management techniques. With a contribution of 14% to the national GDP and employing 7% of the total workforce (only agriculture employs more) in the country, the retail industry is definitely one of the pillars of the Indian economy. Keywords: Foreign Direct Investment, organized retail sector, single-brand retail, globalization, foreign retailers, Ministry of Commerce, Industrial policy and promotion, FDI's issues and prospects. *********