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A prescription for growth

By Peter Blair Henry @FortuneMagazine March 21, 2013: 7:03 AM ET
BOO08 foreign investments
(Fortune)

In India last September protesters took to the streets of Bangalore, Calcutta, Delhi, and other cities, shutting down public transportation and halting productivity. The cause of such heated resistance? Reforms intended to open India's retail sector to foreign direct investment (FDI), allowing corporations like Tesco and Wal-Mart to purchase up to a 51% stake in local enterprises.

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