India's BJP to welcome foreign defence investment, keep out big retailers


Supporters of Hindu nationalist Narendra Modi, prime ministerial candidate for India's main opposition Bharatiya Janata Party (BJP) and Gujarat's chief minister, cheer as they listen to Modi during a rally in Hiranagar March 26, 2014. REUTERS/Mukesh Gupta

NEW DELHI (Reuters) - India's main opposition party would welcome more foreign direct investment in defence, if elected, but would delay opening up the country's market of more than 1.2 billion people to international retail chains like Wal-Mart.

The nationalist Bharatiya Janata Party (BJP), which surveys show is on course to win the most seats in an election starting on April 7, would also introduce a general sales tax and overhaul the financial sector, its manifesto will say.

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