In ‘Shakti’ there is strength

The liberalisation of FDI in retail has been hailed in many quarters—by the ruling UPA government itself, the outgoing chief justice of India, some of the state governments, MNCs, investors wanting to enter this business, and just about everyone else who has an opinion to express. It has also been acclaimed by analysts, and the stock markets have gone into a tizzy with the BSE Sensex touching new highs in the post-announcement euphoria.

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