FDI in retail - General Economics & Indian Economy

Q.  Consider the following statements related to FDI in retail

1. India allows 100% FDI in single-brand stores but imposed the requirement that the single brand retailer source 30 percent of its goods from India.
2. Government of India allowed 100% FDI in multi-brand retail in India after approval from individual state

Which of the above statements is/are correct?
- Published on 06 May 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
Government of India allowed 51% FDI in multi-brand retail in India after approval from individual state.

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