Despite the fact that they are being misled and misinformed on the farming reforms the authorities have displayed patience and resilience in continuing to negotiate with striking famer’s unions.
India can become the food-export powerhouse of the world thanks to path breaking legislations brought in by the government. The Indian farmer, for long under-valued, will be the key protagonist in ensuring the country’s welfare.
The Modi government has taken a bold political step by ushering in far reaching reforms that will free the Indian farmers from socialist-era regulations that hinder price discovery and open up the sector to foreign and domestic investments that can bring in billions of dollars and new technology to India’s farms.
With a shift of supply chains to India and deregulation of domestic agricultural markets in play, amidst the rollout of a $1.4 trillion National Infrastructure Pipeline, demand for transparency in physical commodity transactions will grow in line with rising trading volumes.
The eNAM and Kisan Rath apps have been fasttracked by the government to ensure that farmers are presented with the option of end to end connectivity in a bid to sell their produce.
As the harvest of crops reaches record levels, thanks a decent monsoon, the authorities need to calibrate the economics of demand and supply in favour of the producer and the consumer and limit the grip of the middle-man.
The Indian Finance Minister’s second press conference reveals a clear agenda to provide relief to people worst affected by the Covid-19 lockdown and kickstart the engines of growth in the Indian economy. Highlights: India needs alternative sources of finance for its long-term infrastructure development and other needs. The government must encourage large corporates to float new development financial institutions to channel household savings and foreign borrowings into productive assets. RBI should subscribe to bonds issued by companies or set up [...]
People-based systems, technology and data can have a significant impact on agricultural development, says an agtech entrepreneur. Highlights: Climate change, crop diseases and pests are giving rise for the need to find alternative and sustainable methods to farming. Traditional top-down approach to extension services in low and middle-income countries often involves scattered and infrequent visits by extension agents disseminating dated and generic information. Digital Green – the first non-profit spin-off from Microsoft Research– has partnered over 50 organisations across Asia [...]
An agricultural and environmental expert highlights some of the ways in which smallholder farmers in India can benefit from international expertise. Indian agriculture has been blighted by a depleting water table and declining productivity for decades. Tens of thousands of Indian farmers recently marched to Parliament to highlight the deepening agrarian crisis. The farmers’ plight is also expected to play a key role in the General Elections this year. Everyone agrees that making smallholder farmers’ livelihoods sustainable is a priority, [...]