Indian state bars foreign supermarkets in latest blow for chains

MUMBAI (Reuters) - The Indian state of Rajasthan has barred foreign direct investment in supermarkets, an ominous sign for global retailers who covet India's vast but fragmented retail sector if the country's main opposition Bharatiya Janata Party (BJP) comes to power nationally in upcoming elections.

from Reuters: Business News http://ift.tt/1gD12gp