FDI and Indian Retail Sector: An Analysis

Abstract

In the post-liberalisation period, changes in the consumer purchase behaviour are seen with growing liberalisation, rise in per capita income, GDP and explosion of brands. This rise in large base of consumers has been an attraction for big global retailers and major domestic corporate sector to invest in modern retail sector in India. This unprecedented rise in multiple brands has given Indian consumers a wider choice of products and ample opportunities to take advantage of in the present scenario. The retail industry is expected to grow at a rate of 14% by 2013. The first step towards allowing Foreign Direct Investment in Retail was taken in the year 2006. Subsequently the government of India has allowed 100% FDI in single brand retail to give consumers greater access to foreign brands, with the ongoing debate whether it should be allowed in multi-brand retail or not. With emergence of new ways like E-retailing, Indian retail sector is growing at a faster rate along with the employment potential. The retail landscape is showing a marked change, along with changes in the strategies of retailers towards the suppliers so as to get the best advantage. With the rapidly changing retail scene, India is soon going to be one of the fastest growing regions having great potential. The objective of the present paper is to analyse the impact of the present retail FDI policy on Indian consumers and economy using SWOT analysis. The analysis reveals that it will have a positive impact on the growth of Indian economy as a whole.

Assessing the Association of Factors Influencing Green Banking Practices

“…On the other hand, the significance values of Regulatory Policies and Financial Benefits were found to be above 0.05, suggesting that there is insufficient evidence to conclude that the green banking practices highly influenced in the Nepalese context. The study's results indicate that five variables of green banking practice, namely Stakeholder's Demand, Regulatory Policies, Environmental Interest, Financial Benefits, and Brand Image, align with previous empirical studies conducted in Bangladesh [12], India [19], Indonesia [64], Pakistan [65], and so on. However, two variables, Regulatory Policies and Financial Benefits, exhibit contrasting results compared to previous studies which may be caused as environmental laws are soft laws whose implementation depends upon awareness and preparedness due to the absence of a standardized green banking policy poses.…”

“…Moreover, it plans to distinguish the key to effectively using green banking in a persuading and moral way. By and large, green banking is better for the climate and for the overall people (Rajput et al, 2013) [19]. Green banking is a means of operating a business that is founded on the idea of sustainable development [20].…”

Evaluation of Green Banking in Pakistan Using Framework of the Central Bank: Employing TOPSIS Approach

“…It refers to incorporating the environmental-friendly practices in traditional banking model. It emphasizes on reducing internal and external carbon footprints to ensure banking services more socially oriented which is not a focus in traditional banking model (Rajput et al, 2013). As per SBP "responsibility of the financial sector is to support policy initiatives for transforming a country's economy towards a low carbon and climate resilient economy".…”

Peranan Perbankan Pada Penerapan Green Business Dan Sustainability Development

“…Green banking diartikan sebagai perbankan yang di dalam menjalankan usahanya berdasarkan prinsip-prinsip pembangunan berkelanjutan (sustainability development). Terutama dalam kredit maupun pembiayaan, yaitu adanya keseimbangan ekologi (lingkungan hidup), kesejahteraan manusia, dan serta pembangunan sosial budaya masyarakat (Rajput, 2013). Kebijakan green banking tersebut akan dituangkan ke dalam Peraturan Bank Indonesia yang akan memastikan bank sebagai lembaga pembiayaan mempertimbangkan prinsip pembangunan berkelanjutan dan meningkatkan juga kemampuan dalam mengelola risiko kredit yang berdampak pada lingkungan hidup.…”