India strike over supermarket reforms

[muriel_volestrangler]

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.
...
But small shops fear they will be put out of business and many people are angry at recent fuel price rises.
...
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

[davidpdx]

1. India has long fought reform to the retail industry

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.