Retail FDI battle isn't over yet

In Parliament last week, the floor managers of the United Progressive Alliance ( UPA) ensured a clear victory for the government on the question of allowing foreign direct investment, or FDI, in multi-brand retail. That, however, has not dispelled all doubts about the future of foreign investment in the country’s retail sector. Contrary to earlier expectations that a conclusive victory for the government with a vote in Parliament would bolster the confidence of India Inc and foreign investors, there is still no clarity on whether FDI in multi-brand retail has overcome all the political hurdles and the policy change is now irreversible.

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