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Thu Sep 20, 2012, 05:26 PM

India strike over supermarket reforms

Source: BBC

Opposition parties and trade unions in India are staging a day-long strike over plans to open the country's retail sector to global supermarket chains.
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But small shops fear they will be put out of business and many people are angry at recent fuel price rises.
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Under the government's proposal, global firms - such as Walmart and Tesco - will be able to buy up to a 51% stake in multi-brand retailers in India.

Multinational retailers already have outlets in India, but at present they can sell only to smaller retailers. This decision allows them to sell directly to Indian consumers.

Read more: http://www.bbc.co.uk/news/world-asia-india-19658146

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Reply India strike over supermarket reforms (Original post)
muriel_volestrangler Sep 2012 OP
davidpdx Sep 2012 #1

Response to muriel_volestrangler (Original post)

Thu Sep 20, 2012, 10:38 PM

1. India has long fought reform to the retail industry

Last edited Thu Sep 20, 2012, 10:38 PM USA/ET - Edit history (1)

If I'm not mistaken, India was given a kind of exemption from having to make the reforms which allowed them more time.

I am not as familiar with the Indian market as I am with South Korea (where I live), China (which I've lived briefly), and Japan.

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