India FDI in retail: what’s changed? | beyondbrics:
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India has long struggled with its rules on foreign direct investment, especially in retail. There have been street protests over retail giants such as Walmart entering the country, as small retailers worry about the impact. And the reforms have been something of a mess, prompting as many questions as answers.
So did amendments announced on Thursday to FDI policy in retail clarify anything?
Three clauses of India’s “consolidated FDI policy” were amended. The changes to the April 5 FDI document are subtle, but taken together could help allay foreign investors’ concerns – and some of those of Indian retailers. Perhaps."
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