Commerce and Industry Minister Kamal Nath told the Rajya Sabha today that the Government has instituted a study through Indian Council for Research on International Economic Relations to assess the impact of organized retailing on unorganized retail trade.
New Delhi, Apr 30 : Commerce and Industry Minister Kamal Nath told the Rajya Sabha today that the Government has instituted a study through Indian Council for Research on International Economic Relations to assess the impact of organized retailing on unorganized retail trade.
Nath said, "The government has also commissioned a study to the Nation Council of Applied Economic Research on growth linkages of Foreign Direct Investment (FDI) in India."
The study will also focus on the impact of FDI on the rural economy.
The government has received a number of representations against permitting FDI in retail trade from various industry associations, including small scale industry and retail traders.
Almost 97 per cent of the retail business was in the unorganised sector.
"Nothing would be done that could lead to job loss or have an adverse impact on those involved in this sector," he said.
ANI