India's Modi signals shift in favour of big retail


  • World
  • Thursday, 27 Feb 2014

NEW DELHI (Reuters) - Indian opposition candidate for prime minister Narendra Modi said on Thursday the country's millions of family-owned traders must learn to work with large modern stores and online retailers, in comments that could signal a shift in thinking.

Modi's Bharatiya Janata Party (BJP) opposes a policy to allow foreign supermarkets to open in India, which it says is a threat to millions of grocery stores and traders who are a backbone of the party's support.

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