India Retail News

The $ 428 Billion retail sector in India has received a shot in the arm by the Indian Government‟s recent policy decision to allow Foreign Direct Investment (FDI) of upto 51% in multibrand retail and upto 100% in single brand retail. Given that 95% of the sector constitutes unorganized retail consisting largely of „mom and pop‟ stores, the Government has treaded cautiously by building adequate safeguards for the domestic stakeholders in the unorganized sector.