Foreign Direct Investment in Indian Retail Sector

In the growing market, retail has become one of the major emerging trends in the entire economical cycle. Over the past one and half decade the technological revolution results in overwhelming changes in trade linkages and cross-border capital flows. The most prominent phase of globalization is the...

Full description

Saved in:
Bibliographic Details
Published in:Anusandhanika 2015-07, Vol.7 (2), p.8
Main Authors: Srivastava, G K, Kumar, Shaurav
Format: Article
Language:English
Subjects:
Athletic drafts & trades
Brand loyalty
Consumers
Customers
Electronic commerce
Foreign investment
Franchising
Globalization
Luxuries
Market strategy
Marketing
Publishing industry
Retail stores
Retailing industry
Sales
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In the growing market, retail has become one of the major emerging trends in the entire economical cycle. Over the past one and half decade the technological revolution results in overwhelming changes in trade linkages and cross-border capital flows. The most prominent phase of globalization is the rapid integration of production and financial markets. Foreign direct investment (FDI) has been one of the core features of globalization. In order to develop and modernize the economy, India adopted various reforms such as encompassing deregulation, privatization and private participation in the provision of infrastructure, and the reduction and simplification of tariffs. The main criterion behind these reforms is to attract FDI. Retailing in India is one of the pillars of its economy and accounts for 14 to 15 percent of its GDP. In November 2011, India's Central Government announced retail reforms for both multi-brand stores and single-brand stores which paved the way for retail innovation and competition with multi-brand retailers such as WalMart, Carrefour and Tesco, as well single brand majors such as IKEA, Nike, and Apple. The announcement sparked intense activism, both in opposition and in support of the reforms. On the above backdrop, the present study is undertaken to analyze the role of FDI in retail sector and ultimately on the development of the economy as a whole.
ISSN:0974-200X