( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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FOREIGN DIRECT INVESTMENT IN RETAIL SECTOR: BOON OR BANE IMPACT OF FDI ON RETAIL SECTOR IN INDIA: A PERSPECTIVE STUDY:

    1 Author(s):  DR.MOHAMMAD ANZAR

Vol -  4, Issue- 1 ,         Page(s) : 652 - 656  (2013 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

Indian economy has been experiencing unprecedented up-surge in terms of foreign investment ever since it adopted the economic reforms in the 90s decade and the constant up gradation of FDI policy till date. The up surge in economic activity by foreign investors has led to, no matter, development; but it also tried to shake the traditional commercial patterns in urban and rural areas. In order to boost the socio-economic activity, the government of India has approved FDI in retail sector, which was so far reserved for local retailers in India. In order to grab the huge retail market in India, the international retail giants like Wal-Mart, Carrefour etc. somehow tried to enter Indian market by setting up their big malls. Their entry implied many fold recuperations for urban organized and unorganized retailers.

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