FDI IN MULTI – BRAND RETAIL SECTOR IN INDIA

Abstract

Foreign Direct Investments (FDI for short) acts as a tool in the development of any nation. It actually acts as a bridge to cover the gap between the needed level of savings and income in an economy and the actual requirements of funds or capital.It also plays a vital role also in the long term development of a nation via role also in the long term development of nation via transfer of technology ,building infrastructure,and also creating new employment opportunities in a country .In India,FDI is considered as a boon to the economy. India now is the most open economy in the world for FDI transforming the country.there are many sectors in India like,Infrastructure,automotive,Pharmaceuticals,and textile etc.of which the retail sector is gaining more attention now as the GOI recently has announced that foreign countries are allowed to invest up to 51% in multi-brand retail while removing the cap on single-brand retail after a long standing debate.Thishas recently generated tremendous excitement for some and fear for others.This Paper is prepared to examine the present scenario of FDI in India.Discussion also has been made in regards to the myths and reality in regards to the FDI In Multi branding retailing.