Reuters: Money News: "Speed money" puts brakes on India's retail growth

Reuters: Money News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.

"Speed money" puts brakes on India's retail growth May 5th 2013, 04:19 MUMBAI (Reuters) - Hong-Kong entrepreneur Ramesh Tainwala spent 18 months operating branded clothing retail stores in India before deciding it was impossible to succeed without paying bribes.

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