Anweshan - journal of Department of Commerce

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ANWESHAN is a bi-annual refereed journal of the Department of Commerce, University of North Bengal. Articles are selected through a blind review process.

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    FDI in Multi Brand Retail: Cost Benefit Analysis
    (University of North Bengal, 2013-03) Mitra, Debabrata; Ghosh, Amlan
    The decision of the UPA Government to allow FDI in multi-brand retail is a highly controversial issue though the government has opened the retail sector to FDI in cash and carry with 100 percent ownership and 51 percent investment in single brand category. There are various issues that need to be addressed by the policy makers while allowing FDI in multi-brand retail. It can hardly be denied that entry of big giants in the retail sector may adversely affect a large section of population employed in the unorganized retail. Proper regulatory measures should be imposed to protect the vulnerable sections of the society.
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    ItemOpen Access
    Long-run effects of FDI in India’s multi-brand retail trade: Lessons from cross-country economic history
    (University of North Bengal, 2013-03) Pradhan, Nandita; Ray, Indrajit
    In view of the recent debate on the entry of FDI in India’s multi-brand trade, this article seeks to analyse the long-run effects of this policy-options on the formation of industrial capital and entrepreneurs. To do so, we look into the economic history of two of the presently developed countries, the United Kingdom in Europe and Japan in Asia. Their historical sequences suggest that the industrialisation process in an economy should obtain capital and entrepreneurs from the agricultural and tertiary sectors, and that a congenial policy-environment is imperative to these ends. Also, we deal with the economic history of India during the early colonial period, and learn that, owing to hostile governance, the period witnessed a reverse flow of those critical factors of production from industries and trade to agriculture. This article, therefore, concludes that FDI in multi-brand trade, which is expected to hard-hit tiny and small traders in the long run, may jeopardise India’s prospect of domestic capital formation and entrepreneurs for industries. This will be very harmful for our future course of industrialisation.