Direct investment in retail sector as 'public policy'
By: Reddy, C. Sheela.
Contributor(s): Reddy, Krishna Mohan.
Material type:
ArticlePublisher: 2013Description: p.334-347.Subject(s): Public policy | Investment
In:
Indian Journal of Public AdministrationSummary: Modernisation of retail trade is a critical and necessary condition for sustaining high growth impulses in the economy. With a listless growth in the markets across the globe and Indian retailers facing high debt cost of expansion, the new policy on foreign direct investment in retail sector presents an opportunity for both foreign companies and Indian manufacturers and consumers. In such a situation the infusion of foreign capital into multi-brand retailing needs to be secured in such a way that it results in an advantage for India. Integrating certain inbuilt safety valves into the rules and regulations for FDI in multi-brand retailing can put things in proper perspective and allay popular misconceptions. Butthe transformation in the wake of new policy on FDI in multi-brand retailing require more concerned and informed support from the government. One hopes that the government would stand up to its responsibility, because what is at stake is the stability of the vital pillars of the economy- retailing, agriculture, and manufacturing. - Reproduced.
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Articles
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Indian Institute of Public Administration | Volume no: 59, Issue no: 2 | Available | AR101484 |
Modernisation of retail trade is a critical and necessary condition for sustaining high growth impulses in the economy. With a listless growth in the markets across the globe and Indian retailers facing high debt cost of expansion, the new policy on foreign direct investment in retail sector presents an opportunity for both foreign companies and Indian manufacturers and consumers. In such a situation the infusion of foreign capital into multi-brand retailing needs to be secured in such a way that it results in an advantage for India. Integrating certain inbuilt safety valves into the rules and regulations for FDI in multi-brand retailing can put things in proper perspective and allay popular misconceptions. Butthe transformation in the wake of new policy on FDI in multi-brand retailing require more concerned and informed support from the government. One hopes that the government would stand up to its responsibility, because what is at stake is the stability of the vital pillars of the economy- retailing, agriculture, and manufacturing. - Reproduced.
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