[DOWNLOAD] "FDI in India's Retail Sector: Problems and Prospects" by Political Economy Journal of India " eBook PDF Kindle ePub Free

eBook details

Title: FDI in India's Retail Sector: Problems and Prospects
Author : Political Economy Journal of India
Release Date : January 01, 2011
Genre: Finance,Books,Business & Personal Finance,Politics & Current Events,
Pages : * pages
Size : 67 KB

Description

Introduction "No power on earth can stop an idea whose time has come" said Manmohan Singh, the then Finance Minister of India, quoting Victor Hugo while presenting the Union Budget 199495, making a reference to the Indian economy's unlimited potential. If Dr. Manmohan Singh were to use the quote again today, he would probably apply it in the context of the promise contained in the India's retail sector. The Indian retail market, which was largely unorganized till the 1980s has undergone an immense transformation in post-liberalization era. However, valued at $ 450 billion, the Indian retail sector is still relatively small by global standards, with giants like Wal-Mart alone reporting over US $ 315 billion (approx) in global sale. India is estimated to have around 15 million retail outlets, making it the country with the highest retail outlet density in the world. A.T. Kearney, a well known international management consultancy, in the year 2009, identified India as the most attractive retail destination in the world. With a significant contribution to the national GDP (10 percent) and employment (8 percent, second largest employer after agriculture) this sector can definitely be referred as one of the pillars of the Indian economy.