-The Financial Express It is expected that the measures announced in the Budget will boost agricultural output and rural incomes It appears that Budget FY17 has not generated enough excitement in media, academics and the masses, including farmers. Currently, farm distress is a serious concern in the country. The livelihood security of the rural population is in peril. Farmers are in dire need of substantial help to come out of the crisis-like...
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Budget 2016: In the right direction -S Mahendra Dev
-The Indian Express Budget 2016 has a greater focus on the rural and social sectors. But the challenge will lie in improving delivery systems. Indian agriculture as well as the rural sector have been in distress in the last two years due to deficit rainfall and the decline in global commodity prices. The rural non-agriculture sector, too, has been under stress due to the lack of demand for manufacturing and services. It...
More »How realistic are promises of doubling Farm Incomes? -Roshan Kishore
-Livemint.com A useful way to judge the feasibility of Arun Jaitley’s targets can be to look at how such indicators have behaved in the past While announcing an increase in rural spending, finance minister Arun Jaitley also set himself a target of doubling “the income of farmers by 2022” in this year’s budget. Laudable as the ambition is, how achievable is it? First, there is the question of nominal versus real increase...
More »Watch farmer incomes to see if Narendra Modi is really transforming India
-AP/Bloomberg Whether Modi can raise farmer incomes without stoking inflation may determine if his economic vision is any different from the previous Congress-led govt New Delhi: Shortly after Prime Minister Narendra Modi swept to power in 2014, his first economic plan promised modern cities, manufacturing corridors and bullet trains to aspirational Indians yearning to join a ‘neo middle class.’ This week his latest budget struck a much different tone, listing a slew...
More »Laying the ground
-The Hindu Business Line The Budget’s agriculture focus is welcome, but it could have done better A Budget with a purported focus on agriculture could not have come at a better time. There has been a sharp dip in agriculture output from a trend rate of growth of 4 per cent per annum in the period 2004-05 to 2011-12 to about 1.5 per cent in the next four years, which includes a...
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