Challenges Remain for FDI in Indian's Retail Sector

My friend Vikas Bajaj's article, India’s Embrace of Foreign Retailers, The New York Times, Oct. 9, 2012, touches on an important policy debate raging in India's political circles. The outcome affects much more than retail. Retailers like Walmart bring logistics and infrastructure on the back end that have far greater benefits to the country than policy makers who oppose foreign single brand retailers understand. Unlike developed countries, India desperately needs the logistics and infrastructure improvements if the country's economy is to be competitive globally.