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Journal of Management Research and Analysis


A STUDY ON IMPACT OF FOREIGN DIRECT INVESTMENT IN RETAIL SECTOR


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Author Details: Rekha Sharma, Jyoti Bansal

Volume : 2

Issue : 1

Online ISSN : 2394-2770

Print ISSN : 2394-2762

Article First Page : 63

Article End Page : 71


Abstract

Retailing sector of India is an emerging sector and back bone of Indian economy. The contribution of this sector is 14 to 15 percent in the total GDP. The retail market of India is estimated to be US$ 500 billion and one of the top five retail markets in the world by economic value. Indian retail market is getting very popularity over the world with 1.2 billion people. As of 2013, India's retailing industry was essentially owner manned small shops. In 2010, larger format convenience stores and supermarkets accounted for about 4 percent of the industry, and these were present only in large urban centers. There are 40 million Indians (3.3% of Indian population) engaged with Indian's retail and logistics industries. From 1991, Foreign Direct Investment (FDI) was limited to only a few sectors like manufacturing, infrastructure etc. But In July 2011, the government of India has recommended 51% FDI in Multi - Brand Retail and 100% FDI in Single - Brand Retail. The main objective of this study is to find out the impact of FDI on retail sector.


Keywords: FDI, Retailing, Organized sector, unorganized sector.