| Log in

Need FDI in Multi-Brand Retail To Check India Inflation: Kaushik Basu

27 May, 2011

India needs to bring in foreign direct investment in multi-brand retail to control inflation, chief economic adviser to the finance ministry, Kaushik Basu , said on Friday. 

India’s retail sector is largely closed to foreign firms and favours small family-run stores, with 51 per cent of foreign direct investment allowed only in the single-brand retail sector. Multi-brand retail is restricted to cash-and-carry or wholesale outlets. 

Headline inflation in April was at 8.66 per cent despite nine rate hikes by the Indian central bank since March 2010.

 


Leave Your Comment
July Inflation At 9.22% Year-On-Year

July Inflation At 9.22% Year-On-Year

Reuters 7 years ago
Inflation eased in July although the still-high headline number and persistent...
India Allows 100% FDI In Single Brand Retail

India Allows 100% FDI In Single Brand Retail

TEAM VCC 6 years ago
    The Indian government on Tuesday allowed foreign investors to...
Impact Assessment Of FDI In Retail

Impact Assessment Of FDI In Retail

TEAM VCC 6 years ago
The opening of the retail sector to foreign investors will have three key impact...
No Comments

Need FDI in Multi-Brand Retail To Check India Inflation: Kaushik Basu

Powered by WordPress.com VIP