India's laws only partly to blame as US retail giant scales back

04/2/2013 | Wall Street Journal, The

Wal-Mart planned to launch 22 stores in India last year but instead managed to open only five, with eight set for this year. However, the reality that failed to meet aspirations can be traced only in part to obstacles posed by Indian bureaucracy, as Wal-Mart itself focuses extra hard on toeing the line amid suspicions the retailer may have run afoul of the US Foreign Corrupt Practices Act in India and elsewhere.

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Wall Street Journal, The

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