For more than two years India’s splintered coalition government struggled to reach a consensus on whether to open the country’s doors to foreign retailers.
Beholden to powerful regional bosses the government appeared almost incapable of strong leadership and the prospect of a long-promised round of economic reforms seemed to vanish over a distant horizon.
“I still hear people talk about India or Indians as if it is one decision-making entity either on the political side at one end or consumer side at the other” said Gunjan Bagla managing director of California-based Amritt Ventures which advises American investors on how to do business in India.
“Neither approach works very well. Understanding the differences between the states can make the difference between a grand success and a challenging time.”
Last updated: July 9th, 2024
