India shoppers flock to big retail for food bargains

Newswire

By Rina Chandran MUMBAI, June 30 (Reuters) - Large modern Indian retailers, hobbled by strict foreign investment caps, political concerns and protests from small traders, are finding support from an unusual quarter: spiralling food prices. With India's annual inflation rate at its highest in more than 13 years, more shoppers are switching to big food and grocery retailers, which have the muscle and the scale to keep prices lower, from small traders and vendors. Only about 4 percent of ...

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