Q&A: Kishore Biyani on Retail in India - India Real Time - WSJ

Q&A: Kishore Biyani on Retail in India - India Real Time - WSJ:

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Future Group

Pictured, Mr. Biyani. 

Kishore Biyani is chief executive of Future Group, which runs businesses such as Big Bazaar, Food Bazaar and Future Retail, formerly known as Pantaloon Retail.

He spoke with The Wall Street Journal’s India Real Time about the retail sector, foreign direct investment and the state of the economy. Edited excerpts:

The Wall Street Journal: What is your view on the Indian economy?

Kishore Biyani: The economic scenario doesn’t look optimistic. Entrepreneurship has been stifled and delays in project approvals have added to issues. In addition, macroeconomic uncertainties are not helping. However, at the ground level, I am positive about the attitudes of aspirational people. In India, the ground level drive and desire of people is good. We need to encourage entrepreneurship and support India’s grassroots entrepreneurs engaged in providing value-added products and services, rather than create impediments for them."

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