Demonetisation, series of structural reforms and the implementation of Goods and Service Tax will propel the retail sector into the modern economy, and help attract significant foreign investment, Walmart India CEO, Krish Iyer said on Tuesday.

"Demonetisation, structural reforms and GST will propel the retail sector into the modern economy, and help attract significant foreign investment," he said. "Measures by the government like allowing 100 per cent FDI in food retail, and ease of doing business is going to benefit the entire food chain from farmers to food processing industry," he added.