India's flawed system of export controls needs repair

Preventing manufacturers from making profitable sales overseas makes no sense

Avatar
20220610 wheat sack India.JPG

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.