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| Article Name : | | | FDI IN INDIAN RETAIL SECTOR: A CRITICAL ANALYSIS | | Author Name : | | | N.V.SHAHA AND M.A.SHINDE | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | ISRJ-22 | | Article URL : | |  | Author Profile | | Abstract : | | | India being a signatory to World Trade Organization's General Agreement on
Trade-in Services, which includes wholesale and retailing services, had to open up the
retail trade sector to foreign investment. There were initial reservations towards this
issue arising from fear of job losses, procurement from international market, competition
and loss of entrepreneurial opportunities to locals. However, the government in a series
of moves opened up the retail sector slowly to Foreign Direct Investment (.FDI.). In
1997, FDI in cash and carry (wholesale) with 100% ownership was allowed under the
government approval route. Subsequently It was brought under the automatic route in
2006.Then 51% investment in a single brand retail was permitted in 2006. | | Keywords : | | |
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