The Central government is in a piquant situation now as far as wheat import is concerned. The government wants the bidders for the 1 million tonne wheat import contract to reduce their prices for the bid.
Domestic food companies, too, continue to bet on packaged foods.
There is a need for stimulus, as India is essentially a consumption economy, argues Cargill India chairman Siraj Chaudhry
'There is a need for stimulus, as India is essentially a consumption economy.'