Prices of Indian retail stocks fall on new reforms

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

Shares of retailers in India decreased essentially after the government started to discuss opening of the Indian retail market for overseas supermarket chains. Pantaloon Retail India, the largest retailer in the country, lost 11%. Smaller retailers like Shopper's Stop and Trent also experienced a decline of 9% and 4% respectively. However, the government paused opening up the retail market just before passing it as the opposition is still stiff.

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