India International Political Economy

India’s retail industry is expected to quadruple by 2011 according to Reuters.

Key drivers of the increase from 4 percent to 16 percent are an increase in competitive pricing as the India government loosens restrictions in hypermarkets, supermarkets and department stores.

Currently, the India economy is dominated by small ‘mom-and-pop’ shops which have expressed high levels of concern should India foreign direct investment in the retail sector destroy their businesses.