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India's ban on rice and wheat exports has been a failure

Grain prices have soared, but New Delhi is at last changing course

| India
Workers load wheat at a wholesale market in New Delhi: The imposition of restrictions covering the majority of India's grain exports was irresponsible and futile.   © Hindustan Times/Getty Images

Prerna Sharma Singh is a director and co-founder of policy research and advisory company Indonomics Consulting in New Delhi and heads its agriculture, food and retail practice.

With its exports sagging and economic growth slowing, India has begun to lift restrictions on overseas shipments it imposed earlier this year in a bid to contain domestic inflationary pressures in the wake of spiking commodity prices resulting from the Ukraine war.

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