A section of WTO nations question India's farm input subsidies
Monday, 27 May 2024
WTO members, including the US and the UK, raise concerns over India's $48 billion farm subsidies for 2022-23, citing inflation and fertilizer costs. India defends the increase, stating it notified the WTO and the subsidies are for power, irrigation, and fertilizers. Developing countries can provide such subsidies under WTO rules. The US criticizes the amount, highlighting India's push to reduce developed nations' subsidies.
WTO members, including the US and the UK, raise concerns over India's $48 billion farm subsidies for 2022-23, citing inflation and fertilizer costs. India defends the increase, stating it notified the WTO and the subsidies are for power, irrigation, and fertilizers. Developing countries can provide such subsidies under WTO rules. The US criticizes the amount, highlighting India's push to reduce developed nations' subsidies.
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