tag:blogger.com,1999:blog-3734986736884142928.post3902016668380937501..comments2024-03-23T15:34:41.460+05:30Comments on Indian Westerlies: Import quotas, tariffs and decisions under lack of complete informationTirumala Venkatesh Kaggundihttp://www.blogger.com/profile/12460774213083580129noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3734986736884142928.post-81608657717698991672012-04-15T14:13:43.097+05:302012-04-15T14:13:43.097+05:30your analysis is nice one.
I can correlate it wit...your analysis is nice one.<br /><br />I can correlate it with certain examples:<br /><br />Rice: India is one of the major producer as well as consumer of rice. To manage of supply and demand side of rice (it is the most common food articles for poor and rich in India) is one of the prime tasks for Food and Civil Supplies ministry. Here not only the price but quantity is also important. As in micro economy we can say rice has inelastic demand. So quantity can be equilibrium by effectively quota measures in import and export. While India before green revolution in general and land reform in West Bengal particular is rice surplus country. So India always follows the policy of Quota of Rice Export. And in my opinion, it is sound policy.<br /><br />Import quota for edible oil from Malaysia is also has sound footing same as rice.Anonymoushttps://www.blogger.com/profile/17368810826042912808noreply@blogger.com