Govt Should Not Re­scind Multi-brand Re­tail FDI Pol­icy

The Economic Times - - Economy -

Noted econ­o­mist TN Srinivasan has ad­vised the new govern­ment not to re­scind the cur­rent FDI pol­icy of al­low­ing for­eign in­vest­ment in multi-brand re­tail. “Not to al­low FDI in multi-brand re­tail is against the logic of prime min­is­ter Naren­dra Modi's eco­nomic agenda,” said Srinivasan, pro­fes­sor emer­i­tus of eco­nom­ics at Yale Univer­sity. Com­merce min­is­ter Nir­mala Sithara­man had in­di­cated that for­eign mega stores would be kept away.

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