Mired in retail row, it’s yesterday once more for Walmart

For multinational merchants like Walmart, it seemed to be the long-awaited opportunity to jump into India with both feet. But, now, that moment appears to be delayed once again. Late last month, Prime Minister Manmohan Singh announced that, for the first time, big foreign companies like Walmart and the British company Tesco could open retail stores in India. Until now, foreign companies have been restricted to serving only as wholesalers. That has already helped create more modern distribution networks, often while generating better prices for farmers and other producers, and giving customers better deals.

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