Uncertainty surrounds Indian FDI reform
By: Sam Webb - 7 December 2011 15:29
The Indian government's shock decision to open up Indian retail for foreign investment was heralded and demonised in equal measure.
Now Prime Minister Manmohan Singh and his cabinet is apparently backtracking on the move after a fortnight of parliamentary boycotts and protests that have brought the political process in the key emerging market to a grinding halt.
just-food, which has been covering developments every step of the way, comments here on today's announcement that the reforms will be put on hold.
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