FDI ( Foreign Direct Investment ) in Retail was in headlines in India's News letters. All major Retail Gaints were eagerly waited for the outcome of FDI bill final decision. After a weeks dabate in the Parliament India Government announced the suspension of FDI in retail trade decision. The decision to hold back FDI in multi-brand retail will have a strong impact on the domestic and foreign investor.
It was said that foreign investment in retail will jeopardize the livelihoods of farmers and traders by allowing entry of foreign chains like Wal-Mart Stores Inc., Tesco PLC and Carrefour SA into India. The government, however, has argued the new move will bring down prices and create millions of new jobs.
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