|Consider the following statements:|
|1. Indian sugar Industry is suffering from cheap imports, which destabilize the domestic industry.|
|2. The Indian sugar industry is suffering from outdated machinery and inefficiency.|
|3. The crushing season of sugarcane in the southern India is of greater duration than Northern India. Which of the above statements are correct?|
A) 1, 2, 3
B) 2, 3
C) 1, 2
D) 1, 3
Correct Answer: A
Solution :[a] The sugar industry is clamouring for a sharp increase in import duty to curb cheap imports into the country. Indian Sugar Mills Association (ISMA) has proposed that the import duty be raised from 10% to 60%. India is highly vulnerable to sugar coming from Pakistan through the Wagah border which is at least Rs.5-6 cheaper than the Indian variety.
You need to login to perform this action.
You will be redirected in 3 sec