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Flex reflections from Brazil: India’s ethanol push faces lessons from Brazil’s Proalcool crisis - The Economic Times
India debates ethanol mandates, drawing lessons from Brazil's Proalcool program. Brazil's initial success faced a late 1980s crisis due to falling oil and rising sugar prices. India's reliance on agricultural cycles creates similar vulnerabilities and fiscal losses. The sugar lobby wields significant influence, impacting government policy decisions. India must plan its energy roadmap to avoid foreign oil traps and domestic agricultural cages.
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