A few days ago the cabinet cleared a proposal to permit foreign direct investment in multi-brand retail and raised the limit of foreign investment in single brand retail from 51% to 100%. Industry cheered the move and said it was an effective way to tackle inflation and spur growth. But the opposition will brook no foreign investment in retail. But what about the Indian farmer and you, the consumer? Will you benefit from FDI in retail? Nikhil Narayan Sivadas has this report.
