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Two Indian States Bar Foreign Supermarkets, Denting Investor Confidence

In India, two newly elected state governments have rolled back decisions to allow the entry of foreign supermarkets. This is yet another blow to the country’s hopes of winning foreign investment in the retail sector, and could further shake global investor confidence in India.   The decision by the northern Rajasthan state earlier this month to bar foreign direct investment by overseas retail chains such as Walmart followed a similar move by Delhi.   New local governments took...

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