Schneider Electric India, which has forayed into the retail market with introduction of switches, sockets and distribution systems for home and small and medium business segments, aims to garner 5

India's retail sector faces a "bit cloudy" outlook due slow growth along with persistent inflation and the government's decision to hold back FDI in multi-brand segment, according to a report

India's plan to give foreign supermarkets access to its retail industry is still a government priority and has not been shelved, Finance Minister Pranab Mukherjee said on Friday, weeks after

Strongly defending its decision to allow FDI in retail, Finance Minister Pranab Mukherjee today told Congress MPs that the government was "compelled" to suspend the move to avoid "pre-mature elections".

Disappointed by the government's decision
to put foreign direct investment (FDI) in multi-brand retail on hold,
India Inc today described the move as "highly regressive".

It is too soon to say that a stalled policy to allow foreign supermarkets to invest directly in India's retail sector will be watered down, a senior government source said

Government has put on hold its decision to open the country's $450 billion supermarket sector to foreign firms such as Wal-Mart Stores Inc .

The decision came after a meeting

Walmart, world's largest retailer, had informed the Industry Ministry last year that it is comfortable with India allowing 49 per cent FDI in multi-brand retail, in view of "political sensitivity"