A motion to ban foreign direct investment in India's retail sector was voted down in the Rajya Sabha, or upper house, of Parliament on Friday. Members voted 123 to 109 against the motion, with 1 abstention. The motion was voted down in the lower house of Parliament on Wednesday.
A proposal by the governing United Progressive Alliance to allow foreign multi-brand retailers into India this September has been hotly contested, and the two Parliament votes as seen as a show of support for the government. The issue has been a matter of contention in Indian political circles for some years now, pitting those in favor of increasing foreign investment against those who say they are concerned with the impact on rural farmers and small shopkeepers.
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