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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.



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