New Delhi With no political consensus as yet to allow the foreign direct investment (FDI) in multi-brand retail, India needs to undertake structural reforms urgently to curb food inflation that surged to a 15-month high of 10.49% in April on dearer vegetables and protein-based products.
Economists said these reforms should focus on four fundamental aspects: raising productivity, curbing wastages, better distribution and delivery system, and ensuring fair returns to producers to keep them engaged in the farm sector.