India’s double-faced onion crisis poses a policy challenge with implications for the large segment of the population. With no good substitute, onion is an integral part of your average Indian thali. The rising onion prices thus hit the poor consumers the hardest. Not only that, the knee-jerk reaction from the government to tackle the crisis, in turn, creates new problems for farmers. Indian state’s interventionism harms farmers who incur losses. Tune in to the Spontaneous Order Dialogue where Barun Mitra and Vivian Fernandez unpack the political economy of India’s onion crisis.
The opinions expressed in this essay are those of the authors. They do not purport to reflect the opinions or views of CCS.