Single brand retail FDI policy a flop, only one applicant so far

Slowdown in government’s policy initiatives and the corresponding weak market response is evident from the fact that despite allowing upto 100% foreign direct investment (FDI) in single brand retail, so far only one applicant wants to avail the benefit. Also, no decision has been taken by the government on allowing 49% FDI in Indian carriers by foreign airlines while there is no forward movement on increasing FDI in defence from 26% to 49% or allowing FDI in multi-brand retail.

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