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No room for piecemeal policy changes

Policymakers must understand that the bit by bit tweaks in FDI norms, spread over long years, won't help in the long run

Retailers to go on expansion spree amid muted same-store sales growth
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Nivedita Mookerji
What’s common between a Netherlands-headquartered multinational group and the changing face of India’s single-brand retail policy? A lot, it seems. With the government making yet another tweak to the policy, it’s a surprise that for more than a decade now, we are still trying to fix the guidelines for single-brand retail, a category that’s unique to the Indian market and one that’s hardly controversial. 

Through the piecemeal tweaks and turns over the years, furnishing major Ikea has been a reference point, but the focus has now shifted to Cupertino-based Apple to see if it finally decides to set up its signature
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