Monocolumn: India Deregulates Grocery Retail For Bigger Business Opportunities
Grocery giants like Walmart have been trying to break into the Indian market with full control. They might have a chance with the new deregulation of dusty policies.
Monocolumn is Monocle's daily bulletin of news and opinion. Catch up with previous editions here.
With global retailers turning the screws and consumers demanding more choice, the Indian government is finally considering removing restrictions on supermarket chains, potentially paving the way for an overhaul of India’s food networks. This is good news for a country where, despite millions of hungry people, large amounts of produce goes to waste.
India may have a healthy growth rate, an expanding economy and ever-growing number of millionaires and billionaires – but food retail largely remains medieval, dominated by small, family-run businesses where customers must select from a limited range of dusty essential groceries mostly kept behind a counter.