Impact of FDI in retailing: an empirical analysis on perception of unemployed youth on employment opportunities in India

Desti, Kannaiah, and Selvam, V. (2014) Impact of FDI in retailing: an empirical analysis on perception of unemployed youth on employment opportunities in India. International Journal of Economics and Finance, 19 (11). pp. 9-20.

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Abstract

In recent years, numerous researches have been conducted on Foreign Direct Investment (FDI) from various perspectives. From a survey on FDI literatures of infrastructure, construction, and service sectors perspective, there are some studies based on the FDI in retailing in single and multi brand made by scholars. However, the perception of unemployed youth on impact of FDI in retailing about employment opportunities in India is yet to be explored. This article is therefore timely and fills the gap in FDI in retailing literature. In a nutshell, the existing organized retailers show a turnover in the range of $15 billion to $18 billion, leading to the creation of about one million direct and indirect jobs. This implies that Foreign Direct Investment (FDI) retailers need to generate $60 billion of turnover in India; it contributes about 14% to India’s gross domestic product (GDP) and is growing at the rate of 15%. The retail sector would guess that in three years it would be a Herculean achievement if FDI leads to the creation of even 0.3 to 0.4 million net additional jobs. In India the pay scales for organized retail shopping mall employees are getting nearly a monthly salary of Rs.5,750 to Rs.6,250 compared to others unorganized retail shopping mall employees, they get a monthly salary of Rs.4,000 to Rs.4,500. It is very interesting to note that the multi-brand retail FDI policy in other countries like China approved 100% limit that reflects employment opportunities rose from 28 million to 54 million from 1992 to 2001. Based on the above backdrop, an attempt has been made in this paper to study the impact of FDI in retailing with the perception of unemployed youth on employment opportunities in India.

Item ID: 35358
Item Type: Article (Research - C1)
ISSN: 1916-9728
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Copyright for this article is retained by the author(s), with first publication rights granted to the journal. This is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (http://creativecommons.org/licenses/by/3.0/).

Date Deposited: 18 Sep 2014 06:33
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140209 Industry Economics and Industrial Organisation @ 50%
14 ECONOMICS > 1402 Applied Economics > 140210 International Economics and International Finance @ 50%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910103 Economic Growth @ 50%
91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910108 Monetary Policy @ 50%
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