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“In April of 2021 the government banned the import and use of pesticides and synthetic fertilizers.”

Noah Smithnoahpinion.substack.com ↗

The government banned synthetic fertilizer overnight to save foreign currency, and tea production fell 18 percent in a year. It pegged the rupee too high and borrowed heavily in dollars. Then tourism collapsed and the default came in May. A country that imports 22 percent of its calories cannot run farm policy on a slogan.