Affiliation:
1. Management Development Institute (MDI) Gurgaon, India
Abstract
Foreign Investors are looking forward to enter organized retail sector, which has a mere 8 percent presence in India, but the present government in India which endorses liberal economic framework proscribe 100 percent FDI in multi-brand retail sector on the grounds of safeguarding small indigenous retailers known as ‘kirana stores'. The objective of the chapter is to explore the importance of Multi National Corporations (MNCs) not only in multi-brand retail sector but otherwise as a potent source of technology, efficiency and equality for farmers and poor, poverty alleviation and growth for a developing economy as a whole.
Reference96 articles.
1. Ablett, J., Baijal, A., Beinhocker, E., Bose, A., Farrell, D., Gersch, U., & Gupta, S. (2007). The ‘Bird of Gold’: The rise of India’s consumer market. McKinsey Global Institute, 79.
2. Ackermann, C. (2010). Reducing poverty-MNC’s business strategies in developing countries. MSc Thesis. Copenhagen Business School.
3. A Model of Growth Through Creative Destruction
4. Economic Reforms in India Since 1991: Has Gradualism Worked?
5. Ahmed, S., & Varshney, A. (2012). Battles half won: The political economy of India’s growth and economic policy since independence. The Oxford handbook of the Indian economy. Oxford University Press.