The Narendra Modi government may reconsider its stand on foreign direct investment (FDI) in retail, and likely to implement it with more safegaurds to protect the interest of small neighbourhood stores as quipped by Bharatiya Janata Party vice president and general secretary Ram Madhav during a media interaction in New York.
Under the previous Manmohan Singh government, India permitted 100 percent FDI in single-brand retail stores that sell only their own brand of products in 2012, from the earlier cap of 51 percent.
Furthrmore, the media sources has confirmed that Narendra Modi led BJP government may announce a new stand on multi brand FDI over next year.
