Indian retail policy attacked

Source: UK Financial Times

Resistance by India's politicians to the entry of large-scale retailers in the food and grocery sector could be costing the country up to the equivalent of 1.7 percentage points of lost economic growth, a study suggests.

The study by Crisil, the Indian affiliate of Standard & Poor's, found the virtual absence of corporate investment in modern infrastructure to connect the country's mostly impoverished farmers to urban consumers is leading to huge wastage of food en route to market and is driving up inflation.