Monday, February 07, 2005

More Economic Liberalization in India

The Indian government is liberalizing its economy at a break-neck pace. The latest is the allowance of foreign direct investment in retail pension funds.

The more transforming move will probably be the liberalization of the retail sector, which has been plagued with glaring inefficiencies due to the inability of any retailer to gain sufficient scale.

I have posted before about how supermarkets are transforming the food industry in Latin America. India is next.

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