India finally more open to foreign retailers

India finally more open to foreign retailers

India is in the eye of an economic storm and suffers already for several months from a slowdown of its economy and higher rates of inflation. In recent days the national currency Rupee depreciated to an all time low against the USD. All of that is leading to the fact that foreign investors become more prudent and dislike to place investments in India

Of course the lower outside value of the INR might benefit some export industries but on the other hand it seems that end customers are no longer in the mood to spend.

The cabinet has just recently approved foreign investment in multi branded retail business. Hopefully this will lead to the modernisation of the Indian retail business and add to the efficiency of supply chains.

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