Putting an end to the political logjam over the recent decision to allow FDI in retail, the government finally decided to holdback retail FDI. Industry body CII said that the decision to hold back FDI in retail will have a strong impact on investor sentiment.
CII President B Muthuraman indicated that retail FDI would have sent strong signal that the reforms are back. He also felt that retail FDI would have been a good sign to investors as investments have been slowing down for almost a year now.
However, he mentioned that the sentiments need to be improved to attract investments. There have been definite signs of investor frustration, he added.
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