The government seems to have indicated that foreign capital is essential for New India
The retail sector is one of the most dynamic sectors of the Indian economy and in a sense, acts as one of the key performance indicators for the economy. It has also faced a fair bit of disruption—with the advent of organized retail and the now omnipresent e-commerce channels. All of this had impacted the neighbourhood kirana stores and local traders. Demonetization and goods services tax (GST) also had immediate repercussions on the traders’ community. Add to this the discerning and value-conscious Indian consumer, and the traders’ hands were full.