<Ul> <Li> Indian farmers get only one third of the price consumers pay for food staples, the rest is taken as commissions and markups by middlemen and shopkeepers </Li> <Li> For perishable horticulture produce, average price farmers receive is barely 12 to 15% of the final price consumer pays </Li> <Li> Indian potato farmers sell their crop for Rs. 2 to 3 a kilogram, while the Indian consumer buys the same potato for Rs. 12 to 20 a kilogram . </Li> </Ul> <Li> Indian farmers get only one third of the price consumers pay for food staples, the rest is taken as commissions and markups by middlemen and shopkeepers </Li> <Li> For perishable horticulture produce, average price farmers receive is barely 12 to 15% of the final price consumer pays </Li> <Li> Indian potato farmers sell their crop for Rs. 2 to 3 a kilogram, while the Indian consumer buys the same potato for Rs. 12 to 20 a kilogram . </Li>

Explain the significance of retail as an industry