(Image credit: AFP/Getty Images via @daylife)
A few days ago, New Delhi announced a policy opening India’s notoriously fragmented and inefficient retail sector for a 51% foreign ownership in multi-brand retail (think Wal-Mart) and 100% ownership in single-brand retail (think Niketown). This was political football at its finest – retail giants like Tesco (UK), Carrefour (France) and Wal-Mart (US) versus the flag-waving, khadi-wearing politicians of all stripes....