Will India allow 49% FDI in Multi-Brand Retail?

The Foreign Direct Investment (FDI) in multi-brand retail may be allowed in India, as the Planning Commission Deputy Chairman Monket Singh Ahluwalia says the commission is in favor of this.

The international retail chains would be allowed to open and run their shops in India, if the government allows 49 per cent of FDI in multi-brand retail.

The Finance Ministry of India has set up an internal committee over the FDI upto 49 per cent in multi-brand retail.

Its also noteworthy that, the FDI inflow has been dropped to $1.33 billion in August 2010 from $3.26 billion in the last year - August 2009.

The FDI in multi-brand retail may give some boost to the FDI inflow in India.