MNCs can learn from Indian retailers

Wal-Mart and Ikea both want to enter the India market. Others such as Tesco are also reviewing the new policy as the Indian market presents an opportunity. After all, the organized retail market is expected to be worth more than $80 billion by 2015. And, the Indian government wants overseas firms to come, although there was the usual chorus of disapproval following the decision to open up foreign direct investment, or FDI, in multi-brand retail on 14 September.

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