Research Paper On Fdi In Service Sector

Research Paper On Fdi In Service Sector-83
On the other hand, only 8% of the retail sector is organised (in USA 85%) which includes licensed retailers like hypermarkets, supermarkets, retail chains and mega-stores.Before the initiation of liberalisation of FDI policies, organised sector growth was slow due to significant restriction on consumer goods and consumerism.In mid-1991, Indian government foreign exchange reserves were very low, only having enough dollars for two weeks’ worth of import.

On the other hand, only 8% of the retail sector is organised (in USA 85%) which includes licensed retailers like hypermarkets, supermarkets, retail chains and mega-stores.Before the initiation of liberalisation of FDI policies, organised sector growth was slow due to significant restriction on consumer goods and consumerism.In mid-1991, Indian government foreign exchange reserves were very low, only having enough dollars for two weeks’ worth of import.

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Later in 1990–1991, India’s inflation rate was 12% with current account deficits of 3.1%.

During that period, China was an attractive destination for foreign investors; however, India was still facing difficulty.

In the contemporary markets economies, retailing is a significant link between producers and consumers.

In order to build a strong relationship between the two, retailers not only offer a wide range of products, but also provide complementary services to the consumers, both of which together provides satisfactory and convenience experience of shopping for consumers.

It is anticipated to reach at USD 900 billion by the end of 2017, representing compound annual growth rate (CAGR) of more than 12% (Ernst and Young Report ).

Research Paper On Fdi In Service Sector

Retail sector is broadly divided into two major sectors: organised sector and unorganised sector.

Organised retail trade is traditionally divided into two trades: single-brand retail trade (SBRT) and multi-brand retail trade (MBRT).

Both trades enable growth in the retail sector; however, comparatively SBRT has liberalised more than the MBRTs which has been rather tightly regulated.

After the disaster of 1991, neoliberal reforms were introduced which was never previously allowed; by opening the economy to initiate privatisation, changes in tax-reforms, deregulation of economic trade practices, allow international trades and investments, control inflation level.

The policy of FDI under liberalisation, privatisation and globalisation (LPG) was introduced (Kumar ).

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