Indian Government may announce FDI in e-retail

The announcement may come by next month
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India could allow much awaited FDI approval in e-commerce by next month. Speaking to media a senior government official, said, “Most stakeholders support FDI (foreign direct investment). We have pitched for opening it up completely." 

Industry surveys say e-commerce could contribute up to 4 per cent to India's economy by 2020 from under one per cent now. 
 

 
 
 
 
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