Piyush Goyal Discusses Key Agri Export Policies, Inflation Control In Modi Govt's First 100 Days

Catch Business Today's Executive Director Rahul Kanwal in an exclusive conversation with Union Minister Piyush Goyal, as they discuss the major decisions of Modi 3.0 within the first 100 days. One key topic covered is the government's approach to agricultural exports, with specific reference to products like rice and onions. Goyal explains that decisions on export flexibility are driven by long-term national interest, not election cycles, citing an example where Prime Minister Modi postponed a key decision to ensure it wasn’t politically motivated. He further elaborates on how inflation control, supported by the Reserve Bank of India's monetary policy, has helped the government reintroduce import duties on palm oil and implement measures to support both consumers and farmers. The conversation highlights the delicate balance of controlling inflation while ensuring fair returns for farmers. Goyal also reveals that bumper rice crops have led to the removal of the minimum export price for basmati rice, reaffirming that these decisions are part of a long-term strategy for the benefit of both farmers and consumers, irrespective of upcoming elections.