The 10 January implementation of 100 per cent FDI in single-brand retail, which allows in retail chains such as Apple and IKEA, is certainly welcome as a rare demonstration of government policy action. But it is also a reminder that political resistance has forced the suspension of the more significant decision to allow FDI in multi-brand retail in India, at least until after the state elections in Uttar Pradesh in February 2012. The debate over whether or not foreign giants such as...
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