Fallout From India's Failed Foreign Retailer Plan

from National Public Radio

Linda Wertheimer speaks to Andrew MacAskill, Bloomberg News India correspondent, about New Delhi's failure to adopt a new law that would have allowed multinational retailers into the country and, hopefully, transform an inefficient and outdated industry. It's a huge political setback for the government, and a huge disappointment for retailers who've been licking their chops at the prospect of tapping India's consumers. But Walmart still has plans to expand in India.

Broadcast Dates

• Morning Edition, December 8, 2011