Phoenix of Retail Sector in India and Scope of FDI in Retail

Abstract

The retail sector in India is enjoying a tremendous growth, with the organised retail sector catching up the pace at a faster rate. The effect of the alteration of the changing face of the Indian retail sector has changed the life of consumers in India. Metamorphing, this article sensitises the larval stage of the retail sector due to an escalation of investment in the retail sector in India. The country, India with a strong fundamental and growth potential, increased consumerism and urbanisation has given immense scope for retail growth and foreign players emerging as a major player. Opening up and widening of several important sectors like infrastructure, townships, housing, cash and carry trading, wholesale trading, E-Commerce, single brand retail, commodity exchanges etc. have further spurred the interest in India as the FDI capital of world. More interest is being shown in retail sector which India is gradually opening up. This was the first time a thought to open up FDI in multi – brand retail had seen a positive horizons. FDI should be viewed as a tool of growth for Indian Retail segment by injecting liquidity.