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India relaxes foreign investment rules for retail sector
India approves 51 percent foreign direct investment in multibrand retail and raises single brand cap to 100 percent. Wal Mart Tesco and Carrefour welcome the move while critics warn of impact on small shopkeepers. The policy aims to modernize the food supply chain and curb inflation though consensus remains elusive.
MENTIONED IN THIS ARTICLE
India
Wal-Mart
Wal- Mart
Carrefour
Tesco
IKEA
Congress Party
Abhishek Manu Singhvi
NDTV
Bharatiya Janata Party
Chandan Mitra
Tesco PLC
Raj Jain
Walmart India
Tata Group
Star Bazaar
New Delhi
Ies Pvt. Ltd
Deloitte
Ministry of Commerce
Sanyal