Question

What is fdi discuss its importance in retail sector?

Answer 1

At present, foreign direct investment (FDI) in pure retailing is not permitted under Indian law. Government of India has allowed FDI in retail of specific brand of products. As India is one of the developing countries, so FDI must be promoted but must be kept under control as it can affect the economy of the country.

Answer 2

Answer:

In 1997, FDI in cash and carry (wholesale) with 100 percent ownership was allowed under the Government approval route. ... A Role of FDI in Retail Sector 18 (c) 'Single Brand' product-retail trading would cover only products which are branded during manufacturing.