| India to liberalise retail market
http://news.bbc.co.uk/1/hi/business/4645706.stm Quote:
Foreign retailers will be able to own their own stores in India for the first time as part of a major government liberalisation of business.
Until now, foreign businesses have only been allowed to operate franchises for fear they would harm indigenous firms.
But new regulations will allow foreign retailers to own 51% of outlets as long as they only sell single-brand goods.
The competition drive, also affecting mining, energy and transport, has been opposed by the Communist Party.
| Something for our free-marketeers to chew over...India are already well on the way to becoming one of the biggest world economies (second only to China, if memory serves) - and this should boost them still further.
I spent a lot of money on booze, birds and fast cars. The rest I just squandered.
-George Best, on being asked what he did with his footballing fortunes. | 
Jan 25, 2006, 07:45 am
