International

Analysis: Indian elections bring more confusion over FDI

By Milos Ryba, Rohan Hingorani2014-01-29T07:00:00

Walmart, which has hit local opposition because of a high-profile bribery investigation, ended its partnership with Bharti Retail in 2013, froze its expansion of cash and carry stores, and laid off more than 100 of its Indian staff.

Foreign Direct Investment (FDI) regulations in multichannel retail approved in 2012 have now become a weapon for trading political blows in India’s general election campaign.

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