💨 Abstract

India increased the purchase price of new-season wheat from domestic farmers by 6.6% to 2,425 rupees per 100 kg to encourage expansion of acreage and avoid imports. The move aims to boost output, as India is the world's second-biggest producer of wheat. The government has resisted calls for removing a 40% tax on wheat imports due to its impact on farmers, who are a significant voting bloc.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖