Indian PM supports retail reform

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

Indian PM supported the reform aimed at opening retail market for global retail chains claiming that it will benefit both farmers and all other citizens. PM believes that allowing 51% ownership of retails outlets by foreign companies will boost technological development, improve infrastructure and provide better prices for farmer's crops. Opposition argues the reform would ruin local retailing. The parliament was unable to agree and postponed the discussion till Wednesday.

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Wed, 30 Nov 2011 12:52:23 GMT

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