International Research Journal of Commerce , Arts and Science
( Online- ISSN 2319 - 9202 ) New DOI : 10.32804/CASIRJ
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FOREIGN DIRECT INVESTMENT: BOON OR BANE
1 Author(s): DR RAJIV CHOPRA
Vol - 4, Issue- 2 , Page(s) : 322 - 327 (2013 ) DOI : https://doi.org/10.32804/CASIRJ
Retail sector occupies a prominent position in the economic development of the country. It contributes 14% of the total GDP of India. It comprises of both organised and unorganised sector. An organised sector comprises the retailers who are licensed and are registered for sales tax, income tax etc, whereas unorganised sector constitutes the traditional low volume retailers like kirana and betel shops. Unorganised retiling is predominant in India accounting for 92% of the retail sector. This creates ample of gap for the organised sector to set them in competition. Foreign direct investment (FDI) in Indian market is relatively old concept. It was introduced in Indian market in 1991 by allowing foreign investors to trade in the home country.