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India's retail FDI opening bodes well for GDP, Goldman Sachs says
Noting the general tendency for foreign direct investment to quickly translate into growth in GDP, Goldman Sachs says India's new opening to FDI in retail is essential, in part to reduce the country's stubborn current account deficit. Goldman Sachs India Managing Director Tushar Poddar also pointed out that retail is particularly promising, holding the potential for even stronger boosts to GDP from investment than other sectors.

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