India is defending government regulations that have prompted U.S. retail giant Wal-Mart to hold back on opening superstores there. Indian officials insist the rules to protect local businesses are not too restrictive for international companies. India's finance minister spoke Thursday to a Washington think tank. He says he's confident that one or two large retailers will enter the Indian market by next March, though he didn't name any. http://www.businessweek.com/ap/2013-10-10/india-defends-rules-for-foreign-retailers Will his suggestion prove to be true? Will any of the retailers penetrate into the Indian market, when Wal-Mart stepped back?