India drops plans to open up retail market
Move follows complaints from small business owners who protested against “threat” of foreign firms.
Published On 7 Dec 2011
The Indian government has suspended plans to open up the country’s retail sector to foreign companies following intense pressure from opposition politicians.
Many small business owners say they are the backbone of the Indian economy and that they would be driven out by competition from larger foreign firms such as Walmart and Tesco.
Al Jazeera’s Bhanu Bhatnagar reports.
Source: Al Jazeera