India weighs changes in retail industry

Government considers easing restrictions on foreign ownership in lucrative and hitherto heavily protected sector.

    India's multi-billion-dollar retail industry could soon face a major overhaul after years of being heavily protected as the government weighs easing restrictions on foreign ownership.

    The US WalMart, the world’s largest retailer, is inching towards a greater share on the subcontinent from its current two per cent share.

    Currently, the Indian government does not allow foreign companies to sell directly to the end consumer; instead, they may only trade as wholesalers. But this is a scenario that is set for a change.

    Al Jazeera's Prerna Suri reports from New Delhi.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Venezuela in default: What next?

    Venezuela in default: What next?

    As the oil-rich country fails to pay its debt, we examine what happens next and what it means for its people.

    The Muslims of South Korea

    The Muslims of South Korea

    The number of Muslims in South Korea is estimated to be around 100,000, including foreigners.

    What is Mohammed bin Salman's next move?

    What is Mohammed bin Salman's next move?

    There are reports Saudi Arabia is demanding money from the senior officials it recently arrested.