Foreign companies in India: The rewards of royalty

Even now, when India is desperate to attract capital to fund its big balance-of-payments gap, the red carpet it rolls out is a little dusty. A year after rules were eased to permit foreign “single-brand” retailers to operate in India, Sweden’s IKEA is still waiting for the go-ahead to sell Nordic comfort food and furniture. India’s cabinet has yet to make its mind up about the flat-packed sort, it seems.

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