NPR logo
India Blocks Plans To Let Foreign Retailers In
  • Download
  • <iframe src="https://www.npr.org/player/embed/143254980/143254971" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
India Blocks Plans To Let Foreign Retailers In

Business

India Blocks Plans To Let Foreign Retailers In

India Blocks Plans To Let Foreign Retailers In
  • Download
  • <iframe src="https://www.npr.org/player/embed/143254980/143254971" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Last month India's prime minister announced plans to open up retailing to multinational companies and try to make the industry more efficient. That provoked a storm of protest from opposition parties, and the government on Wednesday suspended what's been seen as a major effort at economic reform.

LINDA WERTHEIMER, HOST:

NPR's business news starts with a blow to big box retailers. India's government has blocked plans to allow foreign retailers like Wal-Mart to come into the country. It's a huge and promising market, but regulations there now protect small mom and pop stores.

Last month India's prime minister announced plans to open up retailing to multinational companies to try to make the industry more efficient. That provoked a storm of protest from opposition parties, and today, the government on Wednesday suspended what's been seen as a major effort at economic reform.

Copyright © 2011 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.