In one of the most eagerly anticipated economic reforms of Prime Minister Manmohan Singh's tenure, India has approved foreign direct investment in supermarkets, paving the way in for foreign retailers such as Wal-Mart Stores Inc.
After years of delay due to political opposition, Singh's cabinet on Nov. 24 approved 51 percent foreign ownership in multi-brand retail, with conditions, and full ownership in single-brand retail.
Following are some facts on India's retail sector:
Text: Reuters
Images: AP/Reuters
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