Retail tale: First, get the basics right

It is ironical that after years of heated discussion on the opening of India’s multi-brand retail to foreign investors there are no serious investment proposals yet from major international retailers and, instead, there is only an increasing list of queries and requests for clarifications. The government is likely to come out with some clarifications in the next few weeks but these may only lead to even more confusion, if some of the recent statements appearing in the media are to go by.

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