Feasibility Of FDI In Retail Trade In District Darrang, Assam

Abstract

India has now become a prestigious member of the Global Village. Restrictions are reduced from borrowing foreign capitals for the development of its small as well as large-scale industrial sectors viewing employment opportunities, rehabilitation of infrastructure and logistics corresponding with developed countries. India being a developing country, Foreign Direct Investment becomes a vital economic reliability for its future growth because of its several economic problems. The Indian people are also fighting with the poverty alleviation, improvement of living standard, increasing employment, savings and modernization of agriculture and socio economic conditions through their industrial activities. The width of this study will be confined to the retail sectors of district Darrang, a belonging agriculture based district of Assam. The people of this district are very hard working and capital deficiency is the main problem with them. They do not have projected amount to run their retailing, traditional methodologies govern their business activities. Foreign capital is magnetized for the growth of the district's total economic infrastructure; like, electrification, roadways, permanent market sheds, construction of warehouses and cold-storage for the agrarians etc. They handle businesses range between hawkers to dealers in the unorganized retail sectors. Wastages are their regular expenditures due to prevail of rule of thumb practices. On the other hand, since the liberalization of Indian economy in 1991, many foreign Companies are also waiting to invest in Indian retail markets. GoI has also undertaken many reforms and liberalized the retail sectors; thereby attracting significant foreign investments to bring the new challenges