FDI in retail good for economy: CII

The government on Thursday allowed 51 per cent foreign investment in the multi-brand retail and 100 per cent in single brand format.

Asked if he foresees a down trend in the rising inflation,he said it 8220;doesn8217;t look like it8221;.

Addressing the CII members earlier,Muthuram had said CII has to play a larger role than merely helping the industry by contributing to India8217;s growth.