Foreign direct investment
Pierre-Olivier Gourinchas, International Monetary Fund (IMF) chief economist, has suggested that India may gain from increased tariffs and trade restrictions imposed on China. Gourinchas made his comments at the TN Srinivasan Memorial lecture, where he discussed the impact of trade tensions and fragmentation on global trade, capital, and labor flows.
Foreign direct investment
Prime Minister Manmohan Singh has defiantly stood by his decision to open India's retail sector to global giants, despite fierce opposition from within and outside his party. Singh, addressing a meeting of the Youth Congress, claimed that the move will help farmers and consumers, increase employment, and modernize
Foreign direct investment
The Indian government, in a move to boost the country's retail industry, has cleared a proposal to allow international firms like Walmart and Tesco to acquire a 51% stake in multi-brand retailers. This decision has been met with opposition from various parties, including the BJP, Left, AIADMK, Samajwadi
Retail trade
India's cabinet has approved 51 per cent foreign direct investment in multibrand retail, allowing giant global retailers to have a significant presence in the country's retail market. The decision is expected to strengthen the nation's food supply chain, benefit Indian consumers, and farmers. The
Retail trade
The Union Cabinet's decision to allow 51% and 100% FDI in multi-brand and single-brand retail, respectively, is expected to boost the interest of foreign retailers in India. Specialty chains like RadioShack and Best Buy have begun sending out feelers to possible domestic partners, while Ikea has resumed parleys
