The retail industry in India has experienced commendable growth throughout the past 9 or 10 years. Organized retailing has forayed into the retail market of the country and the sector has adopted the new ideas of retailing. As a result, the traditional and unorganized family-run retail shops are facing stiff competition from the Indian and international retail chains.
Over the last one or two years, the information technology and IT-enabled services industry in India has demonstrated a stable development curve. The Indian information technology industry has singularly played a key role in putting the country in the form of an important knowledge-oriented financial and outsourcing hub on the world map. The Business Process Outsourcing (BPO) Industry forms a major segment of the Indian information technology industry and it has reinvented itself with the changing requirements of the customers. Other important segments of the Indian IT industry include data analytics and legal process outsourcing (LPO).
Foreign investment or Foreign Direct Investment (FDI) is a significant source of funds inflow in the Indian economy. Beginning from a baseline of under US $1 billion, a recent study conducted by UNCTAD (United Nations Conference on Trade and Development) depicted India as the second biggest FDI destination following China for international companies for the period of 2010 to 2012. As laid down by the statistics, the industries that are drawing foreign direct investment include the following.
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