Import response to price spikes

Acurious shift has been occurring within India’s trade data. Despite the nation celebrating unprecedented foodgrain harvests and increased horticultural production, the latest official figures from the Directorate General of Commercial Intelligence and Statistics indicate that agricultural and allied imports have increased over two consecutive years, rising from $52.67 billion in 2022-23 to $62.52 billion in 2024-25. Watch #ThePrintEconomix by Bidisha Bhattacharya.----more----Read full article here: https://theprint.in/opinion/india-agricultural-paradox-output-imports-shrinking-trade-surplus/2786181/