-Newsclick.in Over the past three years, prices of farm produce have gone down, pushing farmers into deeper crisis but the govt. has no solution. It is perhaps a symbol of our times, and this govt.’s alienation from the people, that it is totally unconcerned about crashing farm produce prices even though the Prime Minister and his colleagues go on harping on their commitment to double farmers’ incomes. Here is what has happened...
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The Age of Surplus -Harish Damodaran
-The Indian Express We have, indeed, entered a regime of “permanent surpluses” in most crops — a reality our policymakers are unable to grasp, stuck as they are in the era of the Essential Commodities Act. If there is one thing that has changed in Indian agriculture in recent times, it is supply response — the ability of farmers to increase production when prices go up. Traditionally, the supply curve in most...
More »Cut their shackles: Why usual methods to rescue farmers will fail, and what can work in their stead -Prerna Sharma Singh
-The Times of India blog Dozens of farming groups determined to stall supply of fruits, vegetables and dairy products to major Indian cities is a clear indicator of growing rural discontent that the Modi government has been struggling to deal with for quite some time, amidst supply glut and depressed farm produce prices. Worried that unhappy farmers could cost BJP dearly in upcoming state and national elections, the government has promised to...
More »Mining and agriculture lag behind other sectors in terms of GVA growth in Jan-Mar '18
The country’s agrarian sector in the last financial year expanded at almost half the rate at which it grew in 2016-17, shows the recently released provisional estimates by the Central Statistics Office (CSO). As compared to a growth rate of 6.3 percent witnessed in 2016-17, the growth rate in real Gross Value Added (GVA) by the agrarian sector (i.e., increase in agricultural GVA after neutralizing the effect of price inflation)...
More »The wait for deep agricultural reforms -Siraj Hussain
-Livemint.com While there are several creditable achievements, it is the deeper structural reforms where expectations from a strong government have not been met Amidst expectations of a magical transformation of the Indian economy, the Narendra Modi government took over the reins in May 2014. During the election campaign, people were led to believe that the Gujarat model of agricultural development, which delivered 8% growth in agriculture during fiscal years 2003-14, would be...
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