FDI in Retail – Facts & Myths

 

The UPA Government in September 2012 has, by a policy notification, allowed 51% of Foreign Direct Investment (FDI) in Multi-brand Retailing. Betraying the promise of its own Finance Minister (who has since become the President of India) that the policy will be discussed in Parliament before final decision and braving some of its own allies and the entire spectrum of Opposition, the major partner in the ruling alliance has hastened to introduce the policy under the guise of ‘reforms push’
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