Indian FDI: incremental progress

A short but interesting article in the Economic Times appears to bring FDI in India one step closer. It reports on the recommendation of a Government-appointed panel which supports opening up the Indian market to overseas retailers, albeit with a cap of 51% on ownership. Thinking is believed to be driven by a need to find ways of tackling high inflation. It is suggested that organised retail will “reduce the margin between the price farmers get and what consumers pay by eliminating traders and this will bring down prices.”

What do you think?

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Jonathan Reynolds

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Jonathan Reynolds