Industry sees red over flip-flop on retail FDI

The die had been cast and a rollback would be an international embarrassment, several industry representatives liked to believe a day after Trinamool leader and West Bengal chief minister Mamata Banerjee let out the secret on retail FDI. In the 24 hours, since Banerjee made the Centre’s intention public to keep the retail FDI policy on hold, the corporate world has been trying to read between the lines of her statement.

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