Here's an interesting article in the Indian Edition of WSJ that provides insights into India's Fiscal Budget process.
-Harsh
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This blog is produced by students of the India: Business, Development, and the Global Supply Chain course led by Professor Kevin Kolben at Rutgers Business School. The students are completely responsible for the posts on this course, and Rutgers does not supervise or edit the postings.
I found it interesting that the author suggested looking at the Chinese example and the consideration of a temporary government stimulus solution. It would seem to me, that the government should work to negotiate reductions in subsidies with the U.S. and other trading partners as a means to stimulate the agricultural sector. Perhaps the reduction of subsidies by the U.S. can be exchanged for a reduction in barriers to foreign direct investment in agriculture by India.
ReplyDelete-Todd