Re-tell retail

In his forceful address at an Indian Youth Congress meeting in New Delhi, Prime Minister Manmohan Singh said that the decision to open up retailing to foreign direct investment was “well-considered” and caused by the firm conviction that it would “benefit our country”. He went on to point out greater investment in retail supply chains would help upgrade rural infrastructure, reduce the spoilage rate of agricultural output and help farmers get a reasonable price for their produce. When food inflation is running at around 10 per cent, there is little option but reform of the way food gets from the farmer to our plates.

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