Repeated loan waivers raise question if the move benefits farmers or banks as someone else ends up paying for the write-off, says former bureaucrat T. Nanda Kumar.
RUHI TEWARI
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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