FDI in Retail: Farmers’ direct involvement

With both the Prime Minister and the Congress party general secretary Rahul Gandhi now committing themselves to usher in FDI in multi-brand retail, the stage is set for inaugurating a completely new phase in the country’s economic development. The history of the growth of organised retail reveals that it integrates the supply chain, reducing the number of intermediaries, thereby cutting costs and achieving economies of scale, which ultimately benefits both producers and consumers. This is especially true in the case of agricultural produce, which requires sophisticated infrastructure to preserve food from the farm to the consumer’s dining table.

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