Economics · Foreign Direct Investment Policy

Read the statements regarding India's FDI Policy in Retail: Statement I: In Single Brand Retail Trading (SBRT), if the FDI exceeds 51 percent, the entity must source at least 30 percent of the value of goods purchased from India, preferably from MSMEs. Statement II: Multi-Brand Retailers are permitted to set up stores in all cities across India regardless of population size, provided they have state government consent. Statement III: SBRT entities are allowed to set up e-commerce platforms and start online sales even before they open physical brick-and-mortar stores in India. Statement IV: In Multi-Brand Retail, at least 50 percent of the total FDI brought in must be invested in 'backend infrastructure' within the first three years. Statement V: FDI in 'Inventory-Based' E-commerce is strictly prohibited for both Single Brand and Multi-Brand retail entities. Which of the statements given above are correct?