Allowing FDI in multi-brand retail can boost sentiment: Kaushik Basu

“A couple of big bang reform moves such as allowing foreign direct investment (FDI) in multi-brand retail could lift the mood of investors even if the economy is showing signs of slowing down,” said the Chief Economic Advisor to the Union Finance Ministry Kaushik Basu. “It (FDI in retail) may not be the last word on reforms, but an announcement like that can cause the mood to shift,” said Dr. Basu in an exclusive interaction with The Hindu.

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