One of the latest developments in India rsquo s retail sector is allowing FDI Foreign Direct Investm...........

Economic and Social Issues Exim Policy

One of the latest developments in India’s retail sector is allowing FDI - Foreign Direct Investment. Which of the following is true in this case?

Allowing 100 per cent FDI in single-brand retail trading through the Government route

Allowing 100 per cent FDI in single-brand retail trading through the automatic route

Allowing 76 per cent FDI in single-brand retail trading through the automatic route

Allowing 100 per cent FDI in multi-brand retail trading through the automatic route

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Explanation:

Earlier, foreign players could own up to 49 per cent in a local single-brand retail chain but had to approach the department of industrial policy and promotion (DIPP) for a go-ahead to acquire the remaining 51 per cent. Now they can fully own their Indian operations without applying for permission. But the new concessions apply only to single-brand retail chains. FDI in multi-brand retail trading in India is still capped at 51 per cent.