Determinants of Foreign Direct Investment in India and Retail Sector Liberalization: A GMM Estimation
Journal: International Journal of Accounting and Business Finance
Year: 2023

India has one of the largest retail markets in the world. In order to channelize the huge potential of Indian retail sector and to provide best of the cosmopolitan culture to the fast-growing Indian retail market and to stimulate India’s FDI inflows, the Government of India has systematically liberalized FDI in the retail sector since 2006. The present study incorporates retail sector liberalization measures as one of the institutional changes and tries to empirically examine the impact of insti