2013 Overview: Business Sectors in India

By SiliconIndia   |   Monday, 31 December 2012, 03:27 Hrs
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Bangalore: India's voyage on the trail of economic improvement has renovated it to one of the world's fastest growing economies. With opportunities comes challenges and India has come through a long way overcoming these challenges. As we approach the New Year and look forward to novel opportunities, let us take a quick review of the developments Indian economy progressed in the year 2012.

More: Biggest Business battles of 2012

1. Retail

The retail sector in India is mounting at an exceptional velocity. According to the Global Retail Development Index 2012, India lines fifth amid the top 30 promising markets for retail, few among them are UAE, Russia, Indonesia and Saudi Arabia. The leverage by the Indian government with Foreign Direct Investment (FDI) in retail, particularly allowing 100 per cent FDI in single brands and multi-brand FDI has shaped optimistic attitude in the retail sector. From April 2000 till September 2012 the FDI inflows stood at U.S. $ 42.70 million according to Department of Industrial Policy and Promotion (DIPP).

Also Read: Business Events Which Made Headlines In 2012

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