To predict who will win elections in India, forget the polls; look at onion prices.
The humble onion is a deeply meaningful vegetable, especially when it comes to India’s economy. In this fascinating and elegantly written report, free market proponent Barun S. Mitra eviscerates India’s agricultural controls – policies he considers misguided. Mitra describes the peculiarities of the nation’s volatile markets, and he persuasively argues that the problems extend well beyond onions to larger parts of India’s economy. getAbstract recommends this revealing article to investors and executives seeking insights into India’s sometimes-baffling markets.
In this summary, you will learn
- Why the price of onions plays a powerful role in India’s political economy and
- How the Indian government’s market interventions lead to supply-and-demand imbalances that harm the economy.
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