Web Sify
Follow us on

Indian government wins reprieve for supermarket reform

Source : REUTERS
Last Updated: Wed, Dec 05, 2012 13:30 hrs

NEW DELHI, Dec 5 (Reuters) - India's fragile ruling coalition won a vote on allowing foreign supermarkets to operate in Asia's third-largest economy, passing a test of support for Prime Minister Manmohan Singh's minority government and his flagship economic reforms.

Expectations the government would win drove India's stock market to a 19-month high. The victory should help ease through parliament bills aimed at attracting foreign investment to the ailing pension and insurance sectors.

blog comments powered by Disqus
most popular on facebook
talking point on sify news