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20/06/2022 - Infrastructure

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June 20, 2022

The road sector has important lessons for other infrastructure sectors and for Indian infrastructure in general to mobilize financial resources. Explain (200 Words)

Refer - Financial Express

Enrich the answer from other sources, if the question demands.

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IAS Parliament 15 days

KEY POINTS

·        Global food prices are characterised by year-to-year volatility and periodic sharp spikes.

·        The crisis can emerge in the form of food shortages, trade disruptions, a rise and spread in hunger and poverty levels, a depletion of foreign exchange reserves for net food importing countries.

Implications for India

·        Export and import in the agriculture sector constituted 13% of gross value added in agriculture during 2020-21.

·        When international prices go too low, India has checks on cheap imports to protect the interests of producers.

·        The policy of having a buffer stock of food staples has also been very helpful in maintaining price stability especially in the wake of global food crises.

·        Ongoing trends in domestic demand and supply imply that India will be required to dispose of 15% of its domestic food output in the overseas market by 2030.

Wheat export restrictions

·        India was a very small exporter of wheat, with its share in global wheat trade ranging between 0.1% to 1% during 2015-16 to 2020-21.

Global impact

·        Biofuel protocols have contributed to the global food crisis for the second time in the last 15 years.

·        The last three food price crises were primarily caused due to an increase in energy prices and disruptions in the movement of food across borders.

·        Therefore, the global community must plan to have a global buffer stock of food in order to ensure reasonable stability in food prices and supply.

 

 

 

K. V. A 17 days

Pls review

IAS Parliament 16 days

Good attempt. Keep Writing.

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