FDI in Indian Retail Market?

Business News: The recent move to allow foreign companies into Indian retail sector is the biggest move by the government so far in India. Recently, the government approved for the 51 per cent FDI in multi-brand retail.

This will allow the foreign companies to fight with the domestic big companies in the retail sector. However, according to media reports, major companies like - Aditya Birla Retail, Future Group and Reliance Retail welcomed the government's move to allow foreign companies in this sector.

Its good time for the FMCG customers that they are going to get foreign products in the local retail markets, however, some of the political parties have been opposing this move.