Instead of abrupt and stringent measures, Modi govt should focus on long-term solutions to tackle fluctuations in the prices of agricultural commodities.
Europe's share in Indian exports has gone up while Asia’s share is declining. The problem for India is: Europe’s economy is expected to struggle while Asia is set to drive global growth.
Modi govt needs to own its globally disruptive policies taken in India's interest. The suddenness of export bans hurt India's friends and go against its vishwa guru ambitions.
In latest move, China put export curbs on 2 chipmaking minerals. Experts say long-term impact of such tactics will be less on markets and more on geopolitics of global supply chains.
So far, reversal of trade-policy reforms was confined to jacking up tariffs, but govt has re-introduced physical controls, regressing to the mindset that created the licence-permit raj.
Malaysia will halt exports of 3.6 million chickens a month from 1 June, which is likely to hit countries like Singapore, Thailand, Brunei, Japan and Hong Kong.
Modi govt's ‘deal’ for the farmer is: ‘Heads I win, tails you lose’. Just when farmers might receive a decent price, the govt floods the market with imports or bans exports.
A poor Muslim man from Kurnool, selling khoya buns during the Medaram Jatara in Telangana, was harassed by some YouTubers and surrounded by a mob over allegations of 'food jihad'.
Indian refiners are testing Venezuelan barrels again as Russian supply sinks, but analysts say volumes will remain limited due to refinery constraints & supply capacity.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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