INDIA: Funding impasse delays retail report
Delays over funding are holding back the publication of the Indian government's study into the potential impact of organised retail in the country.
Last year, the Indian Prime Minister directed the ministry of commerce and industry to look into the impact of organised retail on the smaller, mom-and-pop stores in a bid to draw up a national retail policy.
The Indian Council for Research on International Economic Relations (ICRIER), the body which carried out the report, said the study was complete but was being delayed by negotiations over price.
Dr Rajiv Kumar, director and CEO of the ICRIER said: "The study has been complete for some time now and we have also done some additional research as requested by the government, yet there are a few issues and extra payments that need finalizing."
Initial findings showed smaller stores have been able to adjust to the emergence of larger, organised retailers.
However, at the request of the Indian government, ICRIER had to conduct an additional survey late last year at a cost of US$40,000.
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