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The likes of Tesco, Walmart and Carrefour might be licking their lips at the prospect of (legally) entering India’s vast retail market, but this report argues they will find it harder to win market share than might be expected, given that foreign direct investment in retail is predicted to total $10 billion over the next five years. Much will depend on the response of the state and its propensity to compete with the private sector, and existing domestic retailers.

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