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India's flawed system of export controls needs repair

Preventing manufacturers from making profitable sales overseas makes no sense

| India
A worker sifts wheat before filling in sacks at the market yard on the outskirts of Ahmedabad on May 16: Wheat exports were banned with immediate effect.   © Reuters

Prerna Sharma Singh is an award-winning economist specializing in policy and regulation. She is a director on the board of Indonomics Consulting Private Limited.

Realizing quite late that something needs to be done to rein in out-of-control inflationary pressures troubling India's households and downstream industries, Prime Minister Narendra Modi is increasingly relying on export controls.

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