The Cobra Effect refers to the unintended negative consequences of an incentive that was designed to improve society or individual well-being. The term derives from an attempt to eradicate snakes in India, wherein people bred cobras to collect rewards for their capture.
Must Read
Cement exports rise 24.85% in first seven months of FY25
In volume terms, cement exports rise 35.34%, increasing from 3.89 million metric tons to 5.27 million metric tons during July-January FY25
