According to UNCTAD’s World Investment Report 2019, Foreign Direct Investment (FDI) into India increased by 6% to $42 billion in 2018 with strong inflows in manufacturing, communication, financial services and cross-border merger and acquisition activities making it the sub-region’s largest recipient. As per report, India has been ranked 10th amongst the top recipients of FDI ..
Retailing in India: GK, Current Affairs, Questions, Trivia and News
Economic Growth in Post-Reforms Period Indian growth story in the post reform period is criticised for not being inclusive. The various loopholes of the post-reform growth strategy are The pattern of development has aggravated inter-state inequality, widened rural-urban disparity and worsened intra-rural and intra-urban inequality. In the growth story led by private sector investment increased ..
In the area of single-brand retail, any firm seeking waiver of the mandatory 30% local sourcing norms would have to establish a manufacturing facility in the country. For new investors, local sourcing was one of the key impediments that had hitched the entry of new investment. Foreign retail chains putting in more than 51% via ..
Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain. But the Govt left it to the state governments to allow establishment of multi-brand retail stores. FDI limit on various streams of broadcast services has also been raised by up to 74%.
Swedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in the sector. The government declared that 100 % FDI in single-brand retail is enabling global ..
Up till now, the successive Governments in India have kept denying the Foreign Direct Investment (FDI) in multi-brand Indian retail. So, foreign groups have been forbidden from any ownership in supermarkets, convenience stores or any retail outlets, to sell multiple products from different brands directly to Indian consumers. FDI in Single-Brand Retailing was, however, permitted ..