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The dream of India

Earlier this year, Indian Prime Minister Narendra Modi made some substantial changes to the way the country accepts international retailers. Firstly, the need for foreign single-brand retailers to receive federal approval was removed, allowing more players to more easily enter the market. Secondly, a rule that requires businesses to locally source at least 30 per cent of their products was relaxed, allowing this to instead happen over a five-year period. These alterations have created a far