Who’s afraid of retail reform?

With rising doubts about India’s current economic health, there is renewed speculation about a fresh round of financial sector and infrastructure reforms. One of the key areas is the issue of foreign direct investment (FDI) in multi-brand retail. While it is clear that the government is keen to implement this to spur investment, opposition parties and several chief ministers continue to oppose this on fears that this will have an adverse impact on shopkeepers and kirana stores.

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