multi-brand

Indias retail market is expected to nearly double to US$ 1 trillion by 2020 from US$ 600 billion in 2015, driven by income growth, urbanization, and attitudinal shifts.

Clearing government stand on FDI in multi-brand retailing, Commerce and Industry Minister Nirmala Sitharaman today said the NDA government will not "entertain" foreign direct investment in multi-brand retail.

"As per the extant FDI policy, FDI up to 100 per cent is permitted in single brand retail trading. No decision on FDI in multi-brand retail trading has been taken," Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sab

The UPA government had permitted 51 per cent FDI in the politically sensitive multi-brand retail trading.

FDI in retail has been tossing between politicians for years now, rather amending loopholes and giving it a go.

While 51 per cent FDI in multi-brand retail is put on hold, 100 per cent FDI in single brand retail has received a go-ahead from the government. What does the industry think about it?