New retail policy riles lawmakers in India
Foreign owners’ gains are disputed
India’s ruling Congress party failed yesterday to persuade both its allies and the opposition to support the country’s new open-door policy for foreign retailers. The Cabinet decision last week to let foreign retailers own up to 51 percent of supermarkets and 100 percent of single-brand stores has unleashed a political furor across the country, with parties across the spectrum demanding its immediate revocation.
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