Only temporary pause in FDI policy: India assures retail giants at Davos

Commerce Minister Anand Sharma met top bosses of retail giants Walmart and Metro at the World Economic Forum in Davos to assure them that India is committed to reforms and will move towards achieving political consensus in Foreign Direct Investment (FDI) in multi-brand retail soon. Speaking to NDTV on whether the FDI in retail move was ill-timed, he said you can't go for a muhurat for taking decisions and a large number of states wanted FDI in retail but backed out due to partisan politics.