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.
IAS Parliament 3 years
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 3 years
Pls review
IAS Parliament 3 years
Good attempt. Keep Writing.
