India Shedding Tears Over Onion Prices

1. Perform a thorough economic analysis of the market for onions in India. Use various Price/ Quantity diagrams to describe the market forces and prices: a. In normal circumstances and absence of any government protection measures; b. In exceptional circumstances and absence of any government protection measures; c. In exceptional circumstances, now including the various government mechanisms in place that influence price and quantities. Explain in detail those diagrams, the associated factors and the various implications for the main market players. Who are the winners and losers? 2. Perform a research on the economic market characteristics of another similar agriculture product in a different nation(s) and discuss your findings regarding: a. Market structure, demand, supply and pricing b. Government policies/ measures in place to support such products/ economic activities 3. Following your analysis and research findings, advise the Indian government on how best to proceed: a. In the short term, with concrete economic measures and policies to address the price and supply of onions. Describe the pros and cons of your recommendations and discuss the expected outcomes of such measures. b. In the long run, with concrete economic measures and policies to address the stability of price and supply of onions. Describe the pros and cons of your recommendations and discuss the expected outcomes of such measures. Use various charts and diagrams to illustrate your recommendations.