Foreign Direct Investment (FDI) in Indian Retail Sector

Indian retail industry is one of the sunrise sectors with huge growth potential which is expanding and modernizing rapidly. Indian retail is one of the most sought after sectors that carry great potential for attracting Foreign Direct Investment (FDI) as foreign investors are extremely eager on charisma in Indian retail sector. In spite of the recent developments in retailing and its immense contribution to the economy, retailing continues to be the least evolved industries and the growth of organized retailing in India has been much slower as compared to rest of the world. Undoubtedly, this gloomy situation of the retail sector, despite the ongoing wave of incessant liberalization and globalization, stems from the absence of an FDI encouraging policy in the Indian retail sector. The issue of opening of retail sector for FDI is most controversial concern in recent time. As the Indian retail sector in vast thus FDI in such forum is a big challenge which is the purpose of present paper.