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| Abstract : |
| Before liberalization, India’s approach towards Foreign Direct Investment as an instrument of growth and development was rigid and restrictive. Things, however, changed in the post liberalization period. Since post liberalization period, India has observed a major retail boom due to changes in the income levels, lifestyles, taste & habits of consumers. The increased demand for superior quality and branded products has given a boost to Indian retail sector in recent years. Until 2011, India denied Foreign Direct Investment (FDI) in multi-brand retail. Even single-brand retail was limited to 51% ownership and a bureaucratic process. |
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