Why India puts its farmers first
Why India puts its farmers first
India needs a liberalisation of agreements to help its service industries, particularly in the software sector. But despite this the government is prepared to put the interests of its poor farmers first.
Indian Commerce Minister Kamal Nath has made it clear in an interview for Newsnight that he will be prepared to sacrifice improvement in trade for the software sector in order to help India’s poor farmers.
“Agriculture for us is not commerce, it is subsistence,” he says. “The developed countries have subsidies of $1bn a day, and that is against less than $1 a day in earnings for 300 million people in India.”
Agricultural subsidies in the richest countries in the world - the EU, Japan and America - are now the main sticking point in the trade talks which have begun in Hong Kong.
More: news.bbc.co.uk
