News Summary: India gov't wins vote on retailers

AP News

12/5/2012 11:41:55 AM - AP News

RETAIL VOTE: The Indian government won a vote in its parliament's powerful lower house Wednesday that gave backing to its plans to open up the country's massive retail sector to international big-box companies such as Wal-Mart.

CLOSE CALL: The government won with 253 votes, while 218 lawmakers— who say the move will crush small shop owners and farmers — voted against the plan, after 43 lawmakers belonging to two socialist parties abstained from voting.

WHAT'S NEXT: Parliament's upper house will debate the issue later this week.