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Published : July 19, 2011 |
Author : kasturi
Category : Miscellaneous | Total Views
: 1916 | Rating :  
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 kasturi
Kasturi Verma
Vth Year student of ILS Law College, Pune
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India has kept its retail sector closed from foreign investment for quite a few years, the reason being that the retail trade in India generates employment to almost 8 percent of the population and its contribution is almost 10 percent of the annual GDP. With the government now willing to open the gates of retail trade in India to foreign retail giants, the future of the local traditional retailers seems to be in danger. The author with the help of this article has attempted to bring out the advantages and disadvantages of allowing FDI in retail trade in India.
 The author can be reached at: kasturi@legalserviceindia.com
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