Clout of existing retailers keeps India from allowing FDI

03/3/2011 | Economist (free content), The

Wal-Mart, Tesco and other global retailers had high hopes in the weeks running up to India's annual budget that the country would open up its market to foreign direct investment in the multibrand retail sector. Although the idea is popular in many circles, the political power of current retail companies prevents the government from making the change.

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Economist (free content), The

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