Retail in Asia

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New govt unlikely to be positive for India’s retail industry, say experts

A new government is unlikely to bring any cheers to the domestic retail industry unless it spells out its foreign direct investment policy for the sector in which investors are holding back investments due to lack of clarity, Indian industry experts have said.

"Everyone is talking about a stable government and growth prospects of the country. But I do not feel there is any good news for the retail sector, especially when there is no clarity on foreign direct investment in the sector," DTZ India Chief Executive Anshul Jain said.

He said due to lack of clarity on the policy front, especially on allowing FDI in the retail sector, international investors are not ready to invest.