The Indian government buckles to intense pressure and agrees to votes in both chambers of...

|By:, SA News Editor

The Indian government buckles to intense pressure and agrees to votes in both chambers of parliament over its controversial proposal to allow foreign retailers to own up to 51% of domestic supermarkets. While the votes will be symbolic, a loss for the government will be a setback in its attempts to reform the economy and spark growth, while the likes of Wal-Mart (WMT) also have a lot riding on the outcome.