Export Ban of Wheat: Decoded

A month back, it was evident beyond doubt that wheat yields were down due to the exceptional heat wave and government procurement of wheat would also remain far below the last year levels. But, the mirage of excess production, caused due to wrong estimates of wheat production and analytics by government agencies has led to misplaced policy decisions. In its exuberance to be a messiah to the world, India prodded private trade to export vast quantities of grain, which they complied with gusto. The central government also bravely announced an extension of the subsidized food programme by six months. Therefore, the government of India’s announcement to ban export of wheat has come like a bolt from the sky not only for Indian farmers, traders but also for the international community. Expectedly India has lost credibility and even the G7 has criticized the move.

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Six years; double income

Prayers were answered as the monsoon made landfall in Kerala, close to where Vasco da Gama landed in 1498. Its impact on political fortunes will be just as significant. This government has promised to double farm incomes in six years and economists argued that this would be impossible because it would entail a 12 per cent annual growth in incomes, something that is unprecedented globally.

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