India weighs changes in retail industry

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.