India's Import Duties: Mills Win This Round as Farmers Absorb the Cotton Risk. Once Again
Cotton is the raw material on which India's textile and apparel export ambitions rest, and for the second time in a year the government has moved to lower its cost for processors by removing import duties. The measure runs until late October this year. What it does not do is resolve the underlying tension between farm-income protection and industrial competitiveness that has made the duty a recurring site of policy conflict.