London Mayor backs India's FDI decision on retail, insurance
November 28, 2012  18:54
Visiting London Mayor Boris Johnson today backed the Indian government's decision to open up the insurance and mutil-brand retail sectors to FDI, saying it might augur well for the poor even as he suggested that India can experiment with more "openness".

"If a multiple-brand retailer can help people access food cheaply and securely with less anxiety about the price then again you are helping to increase, not diminish the wealth of some of the poorest people in the country," Johnson, who is leading a business delegation to India, said in his address at the Indian School of Business, here.
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