FDI in Multi-Brand Retail Trade and the Safeguards

Alternative Economic Survey 2012-13, Neo-liberal Economic Policies – ‘Gods’ that Failed, Alternative Survey Group, Indian Political Economy Association, Yuva Samvad Prakashan, Delhi (May 2013), pp. 123-130

10 Pages Posted: 25 Jun 2013

See all articles by K.S. Chalapati Rao

K.S. Chalapati Rao

Institute for Studies in Industrial Development (ISID)

Biswajit Dhar

Independent

Date Written: February 27, 2013

Abstract

After a long and winding process, India opened the retail trade to foreign direct investment (RFDI) albeit with some caveats. The process, however, suggests that the case of RFDI provides a classic example of large global corporations succeeding in influencing public policy of developing countries and putting the regulatory system to stupor with the backing of powerful home governments. Starting from the mid-2000s when it started seeking to expand its global operations, there have been repeated attempts by Walmart to meet important relevant functionaries in India. Once the policy makers were convinced either on their own or due to the intense and sustained lobbying from abroad, the process has been unidirectional. The process also suggests that the protection offered by the safeguards could be illusory.

Keywords: FDI, India, Retail Trade, Walmart

JEL Classification: F21, F23

Suggested Citation

KS, Chalapati Rao and Dhar, Biswajit, FDI in Multi-Brand Retail Trade and the Safeguards (February 27, 2013). Alternative Economic Survey 2012-13, Neo-liberal Economic Policies – ‘Gods’ that Failed, Alternative Survey Group, Indian Political Economy Association, Yuva Samvad Prakashan, Delhi (May 2013), pp. 123-130, Available at SSRN: https://ssrn.com/abstract=2284133

Chalapati Rao KS (Contact Author)

Institute for Studies in Industrial Development (ISID) ( email )

4, Institutional Area Phase-II
Vasant Kunj
New Delhi, Delhi 110070
India
911126764607 (Phone)

HOME PAGE: http://isid.org.in

Biswajit Dhar

Independent ( email )

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