India fails to end dispute on opening its retail sector for foreign companies

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters

Meeting of all parties in India failed to agree with opposition on the opening a retail sector for foreign companies. The cabinet already passed the decision to allow 51% ownership by foreign companies of the retail stores. The opposition argues it will severely hurt local retailers. The Parliament meeting to discuss the issue has been postponed for several times. Opposing parties announced they will not let the Parliament work until it revokes the decision.

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