The Union Budget can signal this transition by allocating fewer resources to surplus management and more toward enabling diversification, while acknowledging that short-term price controls can undermine long-term capacity. The economic principle is evident: unstable incentives foster dependence. Import dependence is not an inevitability; it is a matter of policy and policy can be rewritten. Watch the latest column by Bidisha Bhattacharya, Associate Fellow, Chintan Research Foundation. #theprinteconomix

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Read latest column here: https://theprint.in/opinion/economix/india-import-dependency-budget-2026/2831412/

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