US hopes India will move forward on FDI in retail

US has hoped that India would eventually move towards Foreign Direct Investment (FDI) in multi-brand retail which has been put on hold due to strong protest from key opposition parties.

US has hoped that India would eventually move towards Foreign Direct Investment (FDI) in multi-brand retail which has been put on hold due to strong protest from key opposition parties.

HT Image

"We said last week that we felt like it was a deal that was in the best interests of both the United States and the Indian people and businesses and would obviously be a boom to both our economies," State Department spokesman Mark Toner said.

"We want to see it eventually move forward," he said.

It's a decision for the Indian Government to work out, Toner said.