Wednesday, November 30, 2011

Gurumurthy Kalyanaram on Foreign Direct Investment (FDI) in Retail Business in India: Long-term benefit and Short-term dislocation

Gurumurthy Kalyanaram - Government of India's decision to permit 100 percent foreign direct investment in single-brand retail and a maximum of 51 percent such investment in multi-brand retail business has been received with ferocious opposition from various traders' associations and then entire gamut of political parties.

The proceedings of the Indian Parliament (Lok Sabha and Rajya Sabha) have been stalled, and there is a general strike that has been called by the traders' association. Gurumurthy Kalyanaram Lawsuit

Unfortunately, an important policy decision is lost in lot of noise -- both the proponents and the opponents of the proposal have merit in their arguments but all that is lost in the din.