India govt wins test of reform agenda
- Published: 5 Dec 2012 at 22.33
- Online news:
India's minority government survived a vote in parliament on Wednesday on a contentious move to allow in foreign supermarket chains, delivering a major boost to its pro-market reform agenda.
After two days of stormy debate, lawmakers in the lower house supported the government and defeated an opposition motion against the decision to open up the highly protected retail industry to foreign firms such as Walmart.
The US retail giant aims to be one of the first to set up foreign-owned megastores for consumers in India, a prospect that has raised fears among opposition parties that small shopkeepers will be put out of business.
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