Red tape, graft mean India not such a super market for Wal-Mart

Wal-Mart’s India expansion is stalled.

When India announced last September that it would allow foreign supermarket chains to take majority ownership of their Indian operations, it marked a victory for Wal-Mart Stores, which had spearheaded efforts to open the market and said its first retail store would open within two years.

via Business feed http://www.scmp.com/business/companies/article/1277890/red-tape-graft-mean-india-not-such-super-market-wal-mart