Foreign Direct Investment (FDI) in Retail Sector: India

This study, based on a pan-India primary survey, examined the impact of allowing FDI in retail on different stakeholders. It presented the perception and views of the stakeholders, and how the sector has been liberalized across a number of developed and developing countries. It identified the issues faced by the stakeholders, including regulatory gaps, and presented a road map for retail liberalisation so as to maximise the gains and minimise the adverse impacts.


FDI in Retail Sector India

Author(s): Dr. Arpita Mukherjee, Nitisha Patel


Book Chapters:

Impact of the Retail FDI Policy on Indian Consumers and the Way Forward”, co-authored chapter with Divya Satija, Tanu M. Goyal, Murali K. Mantrala and Shaoming Zou, in “Globalization and Standards: Issues and Challenges in Indian Business” edited by Keshab Das, Springer Publication, October 2014.


FDI in Sensitive Sectors: The Case of Retail Sector in India”, with Tanu Goyal in “Trade, Foreign Direct Investment and Economic Growth: Exploring Challenges and Opportunities Post-Global Financial Crisis”, edited by Shahid Ahmed, Routledge Publication, New Delhi, June 2012.


“Fuelling the Retail Boom: What Should be the Right Employment Policy for Gujarat”, with Tanu M. Goyal, in “Changing Scenario of Employment in Gujarat- 1960-2010” edited by Lancy Lobo and Jayesh Shah, published by Centre for Culture and Development, Vadodara, 2012.


“Evolution of Food Retail Chains in India”, in ‘Agricultural Diversification and Smallholders in South Asia’ edited by PG Chengappa, Lalith Achoth, BNR Reddy, PC Ravi and Vijayalakshmi Dega in P K Joshi, Ashok Gulati and Ralph Cummings Jr., published by Academic Foundation, New Delhi, 2007.


Policy Series:

Impact of the Retail FDI Policy on Indian Consumers and the Way Forward

Author(s): Dr. Arpita Mukherjee, Dr. Tanu Goyal, Divya Satija,Tanu K. Mantrala, Shaoming Zou


Journal Articles:

“The political economy of retail liberalization: The case of India”, with Tanu Goyal, Journal of International Commerce, Economics and Policy, Vol 5. No. 1, World Scientific, February 2014, pgs 1-24.


“Liberalizing FDI in Retail: Implications for India’s Trade Agreement”, with Tanu Goyal, Foreign Trade Review, Indian Institute of Foreign Trade, Volume 48, Number 1, January – March 2013, pgs 143-151.


“Are Indian Consumers Brand Conscious? Insights for Global Retailers”, in Asia Pacific Journal for Marketing and Logistics, Emerald Group Publishing Limited, Vol 24, No. 3, April 2012, pgs 482-499.


“Employment Conditions in Organized and Unorganized Retail: Implications for FDI Policy in India”, with Tanu M. Goyal in Journal of Business and Retail Management Research, Volume 6, No. 2, April 2012, pgs 26-37.


“Fuelling India’s Retail Boom – What Should be the Right Policy”, in Advances in International Marketing, Volume 21, “International Marketing: Emerging Markets”, January 2011, Emerald, UK, pgs 57-74


“Retailing in India: Recent Trends and Development Survey Findings” with Nitisha Patel in Journal of Marketing and Communication, Vol 1 Issue 2, Sep-Dec 2005


Op-Ed Articles:

Indian retailers are set for global acquisition, published in The Hindu Business Line on Friday, November 25, 2022 accessible at (last accessed on Nov. 28, 2022)


The Consumption Pattern of the Rising Middle Class in India, co-authored with Divya Satija, Boao Review, Number 2, Oct. 2012, pgs 119 – 123.


Foreign Direct Investment in Indian Retail – Need for a Holistic Approach, co-authored with Mathew Joseph, Economic Digest (Maharashtra Economic Development Council), Vol. XXXIX, August 10, 2010.