International supermarket chains approved entry into India


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

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