Indian retail: Is it wholesale reform?

November 28, 2011 16:58

More on FDI for retail on the Economist.

The chief executive of a large European retailer was still sceptical at lunchtime on November 24th when news started trickling through that India's government was finally letting international companies do business in the subcontinent's vast retail market.

"I will believe it when I see it,' he said. A few hours later it was official. After procrastinating for two decades, India is opening up its underdeveloped and fragmented retail market to foreign direct investment.

Read

« Back to LIVE

TOP STORIES

Bibhav Kumar sent to 5-day police custody in Maliwal assault case

It noted the prosecution's submissions about the need to take Kumar to Mumbai and other parts of the national capital to collect evidence, which was not possible without the accused's custody.

AAP workers marching towards BJP HQ detained, Sec 144 imposed

The traffic police also issued an advisory in view of the protest planned outside the BJP office at the Deen Dayal Upadhyay Marg, while entry and exit have been disallowed at the nearest ITO metro station.

Factors that will guide the markets this week

The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious...

'God's plan, baby': Yash Dayal redeems himself

Yash Dayal had the haunting memory of Rinku Singh's five consecutive sixes last year when Mahendra Singh Dhoni lofted his full-toss over the Chinnaswamy stadium roof in Saturday's crucial IPL match in Bengaluru.

Golden Girl Sobhita

After choosing the royal colour, Sobhita Dhulipala turned it up a notch higher and went for gold for her second appearance at the Cannes Film Festival.