In the world of global trade, there are rules set by World Trade Organization (WTO), which helps countries trade fairly with each other. One of these rules involves how much a country can help its own industries, like farming, by giving subsidies. A subsidy is like a special financial support that helps industries grow by making costs lower for the producers.
Recently, the United States and Australia have raised concerns about India giving too much subsidy to its sugarcane farmers. They mentioned this in a report to a committee of the WTO that looks after agriculture. According to their findings...
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