India ease rules for foreign single-brand retailers

In 2012, in a wide opening move, India allowed 100% foreign direct investment in single-brand retail. This relaxed the array of rules restricting the investment of foreign single-brand retailers such as Ikea, H&M, Uniqlo and Zara. Firms eager to operate their own stores in India needed to meet the rule of 30% locally sourced goods. In addition, e-commerce was not allowed unless the retailer had a physical store in India. Seven years later, the restrictions have been relaxed. In August 2019,...