Sunday, May 17, 2009

Will FDI in retail become a reality?

Well...following up to my earlier post, just read an interesting article in business line (link) which basically discusses and makes a case for opening up the FDI. Excerpts are

"Only a small proportion of general trade, which is in close proximity to modern trade, would be partially affected by FDI in retail. It is not a zero-sum game. Our belief is that the share of organized retail will go down but the volumes certainly will not be impacted by opening up of the retail sector,"

I believe it is time to open up.

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