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India's finance minister confident that one or two large retailers will enter the Indian market by next March

 India is defending government regulations that have prompted U.S. retail giant Wal-Mart to hold back on opening superstores there.

Indian officials insist the rules to protect local businesses are not too restrictive for international companies.

India's finance minister spoke Thursday to a Washington think tank. He says he's confident that one or two large retailers will enter the Indian market by next March, though he didn't name any.

http://www.businessweek.com/ap/2013-10-10/india-defends-rules-for-foreign-retailers


Will his suggestion prove to be true? Will any of the retailers penetrate into the Indian market, when Wal-Mart stepped back?