<h1>India Approves 51% FDI in Multi-Brand Retail, Seeks Consensus; Conditions Include $100M Investment, Local Sourcing, City Limits.</h1> The Indian government approved a proposal allowing up to 51% FDI in multi-brand retail trading under government approval, subject to conditions, but suspended it to seek broader consensus. Key conditions include a minimum $100 million investment, with 50% allocated to backend infrastructure, and 30% of products sourced from small Indian industries. Retail outlets are limited to cities with populations over 1 million. An ICRIER study indicated that organized retail could boost GDP and benefit consumers and farmers, despite initial impacts on unorganized retailers. Recommendations include modernizing markets, facilitating direct farmer sales, and improving credit access for small retailers.