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


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