In this episode of the Swapnil Karkare Podcast – Economic Insights on India, we delve into why agriculture holds vastly different meanings for India and the US, and how this fundamental disparity has hindered crucial trade talks.
India’s half a billion farmers depend on agriculture for their survival, while America's farmers, though few in number, are highly efficient and economically powerful. We break down the massive disparities in farm sizes, subsidies, workforce participation, and political stakes behind the scenes.
Discover the 8 key reasons India resists agricultural trade compromises, the impact of US farm subsidies and dumping, and how Trump’s farming voter base shapes American trade policy. Plus, the implications this has on future trade deals and global agriculture.
No hype. Just the real economics and the path forward.
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#tradewars #agriculture #modi #trump #internationaltrade #trumptariffs #indiausrelations #politicaleconomy
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⏱️ Time Stamps
00:46: Fundamental differences between India and US agriculture
02:49: Top 8 Reasons why India does not want to compromise its farmers
08:15: What is dumping? How does it impact Indian as well as US farmers?
10:15: How are US agricultural systems designed for overproduction?
12:00: Top Reasons why Trump wants to push the agriculture sector in every trade deal
17:17: Passing thoughts
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📚 Sources & Further Reading
Indian farmers' land holdings Parliament Q&A - https://tinyurl.com/c23xrdnk
USA farmers' land holdings, NASS USDA - https://tinyurl.com/55sekt4e
Agriculture Post Covid Migration - https://tinyurl.com/4msp64sx
Counting Cost of Agriculture Dumping - https://tinyurl.com/y3t87389
Effects of Subsidies - https://tinyurl.com/mrsjmktd
Trump's farmers voterbase - https://tinyurl.com/5d2t8tsj
US Agri Trade Deficit - https://tinyurl.com/br7hbndf
Make Agriculture Great Again, EconGully by Swapnil Karkare - https://tinyurl.com/mpbyx6wa
India's Agricultural Reforms, EconGully by Swapnil Karkare - https://tinyurl.com/5n7r6t8n
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