International trade continues to be heavily chamfered in favor of rich global northern countries, although the global south, which includes India, adds 90% of the labor force, said Kerala Statistical Commission PC Mohanan.
Mohanan spoke at a two -day national conference on “public policy in India and the global south” organized by the Research Institute of Public Policy (PPRI). Despite accounting for the main piece of world labor, developing nations receive only 21% of generated wealth. Wages in global southern countries are not even 10% in rich countries, Mohanan said.
Economic policy of US President Donald Trump will have an unfavorable impact on the world business organization, said the President of the State Finance KN Harillal. It is richer nations that impose higher import obligations on agricultural products, Sachin Kumar Sharma Indian Institute of Foreign Trade said. While the Indian farmer receives $ 429 subsidies annually, the US farmer gets $ 90,375, he said.
PPRI Director Mohanakumar S. launched a two -day event. Researchers from leading institutes, including the Indian Institutes of Technology and Indian Institute of Management and University, presented contributions at the conference.
Published – May 18, 2025 17:10
