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Why higher govt spending is crucial to contain rural distress

-FirstPost.com Even as the Narendra Modi government has been making claims that India’s rural economy has gained pace under his rule, empirical evidence suggests that the health of country’s rural economy may not have improved much on account of declining or stagnant income levels. The situation, experts say, is unlikely to change in the near future as there are low chances of a revival in rural income generation. A survey by brokerage...

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They don’t go to the field -Harish Damodaran

-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...

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Paddy Profit Nosedives, Farmers Driven to Brink -Siba Mohanty

-The New Indian Express BHUBANESWAR: In a State where agriculture continues to be the mainstay of livelihood for the majority, the spate of farmer suicides has not really come as a surprise. Or has it? With agriculture turning into a non-remunerative business and State’s farm sector remaining largely rain-fed, climatic changes have been sounding the warning bells but the Government saw no danger. Its self-assuredness that minimum support price (MSP) only is...

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Experts: Monetary loss cause of farmer suicides -Ashok Pradhan

-The Times of India BHUBANESWAR: Experts feel that notwithstanding individual causes behind farmers' suicides, so many of them resorting to the extreme step shows that the average peasant in the state is in severe monetary distress. Unofficial sources put the death toll at 40 in the past two months. "Some of the suicides may turn out to be for reasons other than agricultural loss. But, the larger picture indicates financial constraints are...

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Punjab’s farming sector in crisis -Vikas Vasudeva

-The Hindu Agricultural experts say small farmers are working under severe economic constraints — their earnings are very low and they are indebted — and hence many are compelled to leave farming. Punjab’s farming sector is in crisis and showing signs of sickness as it suffers from falling productivity and shrinking returns. Farmers are reeling under debt, and owing to low profitability, small farmers, in particular, are quitting farming. In the past...

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