“The Economy Seems to Be on the Brink of a Major Crisis - We Must Reduce the Fertiliser Subsidy”
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“The economy seems to be on the brink of a major crisis - we must reduce the fertiliser subsidy”: Ashok Gulati, Professor of Agriculture, to Karan Thapar for The Wire. In an interview to discuss the cumulative impact of the Gulf War on Indian agriculture, Ashok Gulati, Professor of Agriculture at ICRIER and arguably India's foremost authority on the subject, says: “The economy seems to be on the brink of a major crisis". Professor Gulati is particularly concerned about how the fertiliser subsidy is likely to surge this year. He believes that it could balloon from 1.71 lakh crore to 3.0 lakh crore. He also points out that the cost at which urea is imported is $935 per tonne but it's sold at $70 per tonne. Professor Gulati points out that the time has come to end such freebies and he proposes three reforms which would help reduce the fertiliser subsidy. I don't want to steal Prof Gulati’s thunder. You should watch the interview to hear and understand why he believes the economy is on the brink of a major crisis, how he views the state of Indian agriculture this year and the reforms he has suggested. Join The Wire's Youtube Membership and get exclusive content, member-only emojis, live interaction with The Wire's founders, editors and reporters and much more. Memberships to The Wire Crew start at Rs 89/month. https://www.youtube.com/channel/UChWtJey46brNr7qHQpN6KLQ/join
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