Posted 11/4/2023, 5:58:00 PM
India extends food grains programme for 800M by 5 years, but output drop may prompt export curbs
- India to extend free food grains programme by 5 years, announced by PM Modi
- The programme provides free grains to over 800 million people in India
- The extension will offer relief to consumers but increase government spending on procurement
- India has restricted wheat and rice exports to curb rising domestic prices
- Rice output expected to drop this year, may prompt India to extend curbs on rice exports