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India declines multi-brand retailing due to risks to small, family-run stores.
Union Minister Piyush Goyal has confirmed that India will not permit multi-brand retailing, citing its potential harm to small, family-run stores crucial to the economy.
He emphasized India's commitment to economic reforms and noted that while foreign investment is welcome in many sectors, including 100% ownership in defense, the government prioritizes the preservation of its small retail sector and aims to integrate them with technology without altering their core business model.
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India declina la venta al por menor de varias marcas debido a los riesgos para pequeñas tiendas familiares.