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Re:India built the biggest digital payments miracle: Now com... by jeswin on Tuesday August 18, 2026 @12:00AM (#49341097)
Agree. Antiquated Indian farm subsidies are the biggest impediment to sustained growth. Nothing can be done, because it'd be electoral suicide to touch them. India's holding more than 100 million tons (!) of grain due to the mandatory procurement policy. It is not merely wastage, but also an environmental disaster to keep doing this.

$1B or even $5B is nothing, given the impact UPI has had across the country.

Re:India built the biggest digital payments miracle: Now com... by thisislife2 on Tuesday August 18, 2026 @04:16PM (#49352027)
Most of these reserve grains are already being diverted for Ethanol production once they "expire". It is sold to these Ethanol producers at very low rates (subsidised). The Ethanol producers sell these grains in the black market and make a tidy profit. They also buy back rotting grains dirt-cheap from these same suppliers and other markets. And then make Ethanol from it. A good example of systemic corruption ...