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The Congress party’s manifesto for the 2019 election is high on global focus and talks of foreign direct investment (FDI) in glowing terms, but it’s silent on multi-brand retail. That’s disappointing. Possibly, it wants to play safe ahead of a critical election as local traders, constituting a large vote bank, still fear massive job losses if international retail chains were to enter India.
In its 2014 manifesto, the Congress had this to say about FDI in multi-brand retail: “The historic decision by the Congress-led United Progressive Alliance (UPA) government to allow FDI in multi-brand retail will transform the agrarian economy as
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