Originally published on Wed December 5, 2012 12:36 pm
Wal-Mart has long stirred controversy as it has moved into American towns, and many small businesses found they were unable to compete. Now the fight has come to India, where Parliament has been hotly debating whether to ease restrictions on direct foreign investment by such giant retailers.
India's lower house of Parliament handed the country's fragile coalition government a victory Wednesday by endorsing a plan by Prime Minister Manmohan Singh's governing coalition to allow foreign supermarkets to operate in Asia's third-largest economy. The debate now goes to the upper house.
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