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Slackening of demand indicators weakens India's growth impetus -Aanchal Magazine

-The Indian Express Farmers getting lower prices for their produce, much lower than the minimum support prices announced by the government for the kharif crops this year, has hit the rural consumption demand story. New Delhi: The consumption-driven story of India’s economic growth is expected to face a slowdown as wide concerns emerge about the weakening rural demand. At a time when public expenditure is likely to be curtailed by the obligation...

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Transformation of Indian Agriculture? Growth, Inclusiveness and Sustainability -S Mahendra Dev (IGIDR)

-Indira Gandhi Institute of Development Research, Mumbai, December 2018 (WP-2018-026) There are three goals of agricultural development in India. These are: (a) achieving high growth by raising productivity; (b) inclusiveness by focusing on lagging regions, small farmers and women; and (c) sustainability of agriculture. In this paper, we will address two questions: (a) How far India progressed in the three goals of agriculture in recent decades? (b) What are the policies...

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Deflation in WPI of 8 kharif crops observed during 2016-17 to 2018-19, while their MSPs grew at a positive rate

It is being said by economists that unlike the issue of low food production that gripped Indian agriculture for long in the past, the present problem is about farmers not getting remunerative prices against the crops that they are growing. According to farmer leaders, the policymakers are too late to realise that bitter truth. As a result, there is a growing disenchantment in the rural hinterland against the ruling government...

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Ensuring MSP to farmers -- Are Deficiency payment an option? -CSC Sekhar, Amarnath Tripathi and Yogesh Bhatt

-Economic and Political Weekly In the wake of the central government’s minimum support prices hike for kharif 2018–19, the state government in Madhya Pradesh implemented a variant of the deficiency payments system called the Bhavantar Bhugtan Yojana for compensating the farmers when market prices fell below MSP. Besides the problems of long delays in payments to farmers, large transaction costs that farmers incurred due to multiple registrations, and the disposal of...

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Kerala's alternative to farm loan waivers has lessons for India -Nidheesh MK

-Livemint.com Thanks to the debt relief commission, 11,354 Kerala farmers have benefited from a disbursement of over ?11 crore, and there are no farmer suicides in the state Ernakulam/ Bengaluru: Back in 2006, Kerala came face to face with an explosive situation. Ironically in a state dominated by Communist politicians, farming was dominated by export-oriented cash crops such as rubber and pepper, prices of which had plunged in the global market. It...

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