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

Wednesday, October 3, 2007

Corporate retail may be here to stay

NEW DELHI: Despite the growing protests against organised retail in various parts of the country, the central government has decided to reject the political demand for banning entry of corporates into the booming sector. Officials said the political push for protecting mom-’n’-pop stores would not result in action preventing corporate companies from tapping retail that has grown into a Rs 8,40,000-crore business.

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