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While that ambitious goal won't be achieved, the store opening is a tangible vote of confidence in India's beleaguered economy. New Delhi has been fighting to open its retailing market to foreign players, over loud populist protests, in a bid to boost growth and boost its reputation among skeptical foreign investors. Wal-Mart and IKEA have also said they intend to open retail outlets in India soon.
[Associated
Press;
Copyright 2012 The Associated
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