Which organization released a report stating that Indian farmers face $169 billion in implicit tax due to export measures in 2022?
5Q:
Which organization released a report stating that Indian farmers face $169 billion in implicit tax due to export measures in 2022?
- 1DRDOfalse
- 2ISROfalse
- 3MNCfalse
- 4OECDtrue
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Answer : 4. "OECD"
Explanation :
The most recent assessment on agricultural policy and support worldwide by the Organization for Economic Co-operation and Development (OECD) showed that in 2022, Indian farmers had to pay an implicit tax of $169 billion. This tax was the result of export restrictions, duties, or permits imposed on various commodities, including wheat and rice, in an effort to stabilize prices for consumers. As a result of these measures, the overall market price support (MPS) for farmers has become negative in 2022.