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International supermarket chains approved entry into India

14 September 2012 Last updated at 18:22 BST

After months of political gridlock, the Indian government on Friday finally approved the entry of large international supermarket chains into the country's retail sector.

Last year, the government suspended a similar plan after fierce opposition from its allies and political rivals.India's retail market is estimated to be worth $450bn.

International firms such as Walmart and Tesco will now be able to buy up to a 51% stake in multi-brand retailers.

Sanjoy Majumder reports.

Anand Sharma clip courtesy of DD News