Farmer Protests: Price Guarantee To Help Economy In Long Run
India needs a definite solution to farmers’ demand for minimum support price if it wants to ensure long-term growth of the sector.
India needs a definite solution to farmers’ demand for minimum support price if it wants to ensure long-term growth of the sector.
Despite India rapidly emerging as a large exporter of agricultural products, the growth rate of Indian agriculture and allied sectors has dropped to 3% in 2021-22 from 6.8% in 2016-17
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
One of the key measures announced for the agricultural sector was the development of a digital public infrastructure for agriculture as an open source, open standard and interoperable public good.
Lack of scientific rigour, opaqueness and conflict of interest in oversight mechanisms continue to cloud the decision-making on GM crops.
The organisation also argued that the particular GM mustard has no yield advantage compared to indigenous hybrids.
The interest subvention will be applicable for lending short-term agri-loans up to ₹3 lakh to farmers; government has made budgetary provisions of ₹34,856 crore under the scheme.
Union Budget 2022-23’s agriculture-related policies could certainly be a game-changer for the agriculture sector if implemented well.