The Policy Monitor
As much as it sounds like opportunism, a diligent intervention to shore up international food supplies is far from an opportunistic gambit from India’s perspective and, even farther away from war profiteering. The CMI benchmark for wheat prices has risen by >50% since the Russian invasion began with global wheat prices touching $14 a bushel (approximately 30 kg).
India earns nearly Rs. 65,000 crores by exporting Rice, synonym to water export as it requires 4000-5000 litre to produce 1 kg. At the same time govt spend Rs. 1,34,280 crore by importing Oilseeds and Pulses, most eco-friendly crops known to improve soil fertility and contribute to human health.
India’s continuing emphasis on centralized production of energy, including in renewables, may lead her into a situation China finds itself in now: the government is being forced to dismantle thousands of badly planned dams.
For India’s urban areas to become more growth-oriented and productive and to increase the
capacity of the administrators, it is critical to build an excellent urban infrastructure, with
efficiency in service delivery and funding at the top of the priority list.