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India walmart 2012 10 2

India walmart 2012 10 2

Indian employees welcome Bharti Wal-Mart President Managing Director and CEO Raj Jain (unseen) following an inauguration ceremony of a newly opened Bharti Wal-Mart Best Price Modern wholesale store in Hyderabad on September 26, 2012. The government last week unexpectedly revived long-delayed plans to open up the retail, aviation and broadcasting sectors to more foreign investment and reduced deficit-bloating fuel subsidies, after policy paralysis and graft scandals dimmed the outlook for India's once-booming economy.

NOAH SEELAM