India has growth prospect for domestic industry with a huge number of consumers and other favorable factors. But India’s domestic market remains largely off-limits to large international retailers like Wal-Mart, Tesco and Carrefour. Opposition to liberalizing FDI in this country raises concerns about employment losses, unfair competition resulting in large-scale exit of incumbent domestic retailers and infant industry. Argument is to protect the organized domestic retail sector that is at a nascent stage. In 2015, the Indian Government approved proposal of 50 percent FDI in domestic industries in India subject to certain loose conditions.