We believe that the 7 December suspension of the cabinet decision to open multi-brand retail to FDI is probably only a temporary setback to the glacial economic reform process, but it vividly illustrates the government’s inability to surmount political obstacles and end its year-long policy paralysis. This important reform will likely proceed after it has been put through the mechanism of seeking “consensus” from various stakeholders, not least because powerful farm lobbies support the...
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