India sees pickup in growth, cites resolve on retail FDI

Visting Singapore, Indian Finance Minister P. Chidambaram forecast a quick return to 8% growth for India "once we get our act together." The message was reinforced at the World Economic Forum by Commerce and Industry Minister Anand Sharma, who said India's recent opening to foreign direct investment in retail shows that the government can act decisively. On the FDI front, Wal-Mart says it is examining the situation before announcing its intentions.

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