Retail in Asia

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Carrefour exit fails to dampen Modi govt’s spirits

The exit of multinational retailer Carrefour doesn’t seem to have ruffled the Narendra Modi government. A day after the EUR100-billion (USD136.1 billion) French retail chain announced its plan to shut all its India stores, ministers and leaders of the Bharatiya Janata Party (BJP) remained silent on the issue. The leaders’ social media (Twitter and Facebook) accounts, a favourite communication tool of the current government, did not mention Carrefour through the day.