Linda Wertheimer speaks to Andrew MacAskill, Bloomberg News India correspondent, about New Delhi's failure to adopt a new law that would have allowed multinational retailers into the country and, hopefully, transform an inefficient and outdated industry. It's a huge political setback for the government, and a huge disappointment for retailers who've been licking their chops at the prospect of tapping India's consumers. But Walmart still has plans to expand in India.
Fallout From India's Failed Foreign Retailer Plan
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