date:Aug 29, 2012
brand retail is still restricted. The government is likely to revive an order allowing foreign investors to own majority stakes in Indian super markets and department stores. The Cabinet had allowed foreign investors to own 51% in Indian supermarkets last November, but had to keep the move in abeyance after protests from its ally.
The business in the organised retail sector of India, is to grow most and faster at the rate of 15-20% every year, and can reach the level of $100 billion by the year