Current Affairs - Economy - Discussion

The Indian government has decided to lift the 20% export duty on onions effective from April 1, 2025, in order to support farmers, especially as the rabi season’s supply improves. Despite previous export restrictions, onion exports for FY 2023-24 and 2024-25 (until March 18) showed positive results. The policy shift comes after a significant drop in mandi prices (39%) and retail prices (10%) over the past month, which impacted the onion market, prompting the government to take action to stabilize prices and support farmers.