-The Indian Express Turnaround in farm prices is the only good news in today’s overall dismal economic environment. The Narendra Modi government’s first term (June 2014 to May 2019) was marked by benign consumer food price inflation. At a mere 3.3% year-on-year, it averaged below even the 4.3% for overall retail inflation. Politically, the ruling party benefited, given that there are far more consumers of milk in India than dairy farmers. The...
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Budget 2020 | Economic revival has agriculture as a good starting point -Siraj Hussain
-Moneycontrol.com Since the general elections, the agriculture sector has taken a back seat as the economy has itself touched new lows Since public memory is short, there is every likelihood that food inflation of 14.12 per cent in December 2019 will obfuscate the last four year’s history of low prices of food items. Vocal sections of urban India would do well to remember that in January 2017, May to August 2017 and...
More »Lifting growth, containing inflation -Ashok Gulati
-The Indian Express Reform of grain management system could free up resources for infrastructure investment. With GDP growth rate plummeting to 4.5 per cent and with the agriculture GDP (GDPA) growth at 2.1 per cent in the second quarter of this fiscal year, everyone concerned with the economy is anxious. The question being asked is whether the Indian economy can be put back on the 7-8 per cent growth trajectory and can...
More »Indian agriculture is under an invisible emergency -Devinder Sharma
-Down to Earth At a time when farmers strive to get the right price for crops, more money in their hands can help reignite the country's economy In 2019, three weeks after the kharif harvesting season began, reports emerged that farmers are selling their produce at a price way below the minimum support price (MSP) announced by the government. Except for a few crops like paddy and maize, market prices for most...
More »Falling employment, low wages and food inflation -- the rural economy is in pain -Siraj Hussain
-Moneycontrol.com With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms Inflation based on Consumer Price Index (CPI) for November is further proof that agriculture produces only marginal surpluses. Only last year, observers were worried that the planners were not engaged enough to see that India is now surplus with most agricultural commodities. Please click here to read more. ...
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