I buy at least a pound of onions every week from grocery store (in USA)...Over the last six years, never did I see the price fluctuating as much as it did in my home country (INDIA).
What's the reason?
During the FDI (Foreign Direct Investment) debate (in 2012), my research showed that investment by large supermarket chains can help stabilize the prices of vegetables in India.
Retail chains will remove middlemen, eliminate wastage and shortages, ensure stable prices and help farmers and consumers. Let us shed fears and welcome FDI in the retail sector.
If not Foreign, at least encourage someone in India do set up such retail chain.
Indian retail / Foreign retail, I don't care. Consumers don't care. They just need stable prices.
As Deng Xiaoping once said : It doesn't matter whether a cat is white or black, as long as it catches mice.
The benefits of big supermarket chains are again very evident & can be easily felt by reading the article below from economist.
http://www.economist.com/news/business/21591650-walmart-carrefour-and-tesco-have-been-knocking-indias-door-without-much-luck-route
