FDI in Retail: Exaggerated fears

In 2008, Dr Manmohan Singh took a huge political bet pushing for the Indo-US nuclear deal in the face of opposition from the Left parties, on whose support his own Government's survival rested. The gamble paid off. Not only did the deal go through; his Government survived and even came back to power with more number of seats in the 2009 Parliament elections. Today, the ruling Congress-led dispensation faces similar political resistance to its decision allowing foreign retailers to set up shop — literally — in India to hawk regular merchandise, branded or otherwise. 

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