There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...

When one of the three farm laws i.e., The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Act, 2020 was enacted last year, it was argued by its proponents that the legislation would allow the farmers to sell their produce (and the traders to purchase that produce) outside the Agricultural Produce Market Committee-APMC mandis after crop harvesting. In a way, that particular piece of legislation was enacted to end the...

-The Telegraph This year, a combination of factors is hurting the agriculture sector immensely A quiet, reverse transformation is happening in the countryside, and it is disconcerting. This sowing season, growing numbers of farmers are falling back on their bullocks as fuel prices are piercing the roof. The tractor, the symbol of modern farming, is becoming a luxury in the literal sense. The conventional ploughing equipment tied to bullocks costs only a...

-Livemint.com Farmers continue to be vulnerable to frequent episodes of losses that neither the state nor the markets have been able to mitigate The dramatic long march to Mumbai involving thousands of distressed farmers on 12 March is a remarkable feat of peaceful protest against the state, given its apathy towards farmers’ distress as well as its failures in safeguarding tribal land rights. However, what is surprisingly missing in this poignant narrative...

-The Hindu Business Line This brings higher returns; govt must spend more on R&D, roads: ICRIER paper New Delhi: Spending on agricultural research and development, including extension services, is at least 10 times more effective in reducing poverty than spending on fertiliser or power subsidies, an ongoing study has shown. Spending ?10 lakh on agricultural R&D can help lift 328 people out of poverty, whereas allocating the same for fertiliser or power subsidies...