Should India be able to decouple itself from US Subprime Impact?

Monday, August 27, 2007

Reliance delays plans for hundreds of stores

MUMBAI: Reliance, India's biggest private company, has delayed plans to open hundreds of supermarkets in the north and east of India days after the country's most populous state shut 10 stores following protests from small traders.
The move by Uttar Pradesh government to close the supermarkets underlines how efforts to modernise India's economy face political obstacles amid fears that millions of small shop keepers and traders could lose their jobs.

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