Regulating FDI in MBRT: Some Key Concerns
The decision to permit FDI in India’s multi-brand retail trade in 2012 was preceded by a long and intense debate. To address the concerns expressed by the opponents, a number of safeguards were incorporated into the policy. However, given so many possibilities and India’s poor record in effective implementation of regulations, it would be difficult to expect the conditions to provide the desired level of protection. The measured opening up could even be a grand strategy to pacify the opposition and provide a window of opportunity to FDI initially and work towards further opening the doors widely while simultaneously turning a blind eye to the transgressions of the extant provisions.