BMI View: In September 2012, in what might be in time remembered as the most significant global retail event of the year, India finally opened up its retail industry to foreign investors, potentially paving the way for the likes of Carrefour, Tesco and Walmart to enter what is a potentially outstanding retail opportunity. The new legislation has been met very favourably by the pro-business lobby, which has grown frustrated at how long it has taken India to pass this legislation, especially after some false hopes, including most recently in late 2011 when the government reversed its decision to allow foreign …
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