date:Apr 01, 2013
ia. Apart from Walmarts trouble and the slowdown hurting the international chains, the political climate in India has prevented them from initiating action in retail. State-wise roll-out of retail stores, with several states opposing FDI in retail, has been a major hurdle.
Without naming India, Walmarts annual report says, local laws can affect our ability to acquire attractive pre-existing buildings in which to locate units or sites. The report mentions factors like political conditions, i