That the Indian government's decision to implement Foreign Direct Investment in India state-by-state was myopic is now evident. PTI reports that Rajasthan is the latest government to change its stance after a change in government, where the BJP has taken over from the Congress. With this, Rajasthan follows Delhi in withdrawing support to FDI in retail, after the Congress lost to the Aam Aadmi Party. This means that only 10 other states remain: Andhra Pradesh, Assam, Haryana, Kashmir, Maharashtra, Manipur, Uttarakhand, Daman & Diu and Dadra and Nagar Haveli. The Indian government had introduced FDI in Multi-brand retail in September 2012, with the following riders: firms are allowed to buy up to 51% stake, with a minimum FDI limit is $100 million, companies have to invest half of that amount in infrastructure like cold-storage chains and warehouses, and that at…
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