Europe Japan and the US all maintain a high level of subsidy for agriculture On the other hand...........

Economic Affairs Agricultural Finance

Europe Japan and the US all maintain a high level of subsidy for agriculture. On the other hand, India maintains a lower level because Indian Aggregate Measurement Support of prices is smaller than others. This implies that:

Indian domestic prices are marginally higher than the global prices

Developed nations’ domestic prices are marginally higher than the global prices

Indian domestic prices are marginally lower than global prices

Developed nations domestic prices are marginally lower than global prices

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Explanation:

Europe Japan and the US all maintain a high level of subsidy for agriculture. On the other hand India maintains a lower level because Indian Aggregate Measurement Support of prices is smaller than others. This implies that developed nations' domestic prices are marginally lower than global prices.