Volume : 7, Issue : 5, May - 2018

IMPACT OF FDI ON RETAIL SECTOR IN INDIA:

Aditi Amrit

Abstract :

<p class="MsoNormal" style="text-align:justify;line-height:200%"><span style="font-size:12.0pt;line-height:200%;font-family:"Times New Roman","serif"">India intend to open its market to foreign investment can be traced back to economic reforms adopted during two prime periods – pre-independence and post-independence. As a result of economic reforms of 1991, trade increased by leaps and bounds. Retail sector contributes about 15% of the national GDP. Therefore, retail sector plays a very vital role in the development of the nation. Thus, it is very important to discuss the challenges related to the development of retail sector in India. This research is a descriptive study in nature. The secondary data was collected from various journals, magazines and websites. All the economic studies are faced with various limitations and this study is no exception to the phenomena. The comprehensive literature tends to demonstrate the foreign direct investment is necessary for sustained economic growth and development of any economy in this era of globalization. So, this study mainly covers the trend of FDI inflow in India and is more specific towards the retail sector. <o:p></o:p></span></p>