Free trade and competition in agriculture: India’s economic reforms, part II
A dismantling of controls that chain India’s farmers seems to have begun, as seen in the reforms of the archaic mandi system. Moves are afoot to encourage investment in warehousing and electronic platforms. But much more is needed to empower farmers and make them the decision makers in the agri chain. The second part of our agriculture special.
Call it the second chapter of India’s economic reforms. After reforming industries in the first phase – it’s still an unfinished agenda – policymakers in the country have finally turned their eye on the agricultural economy. A gamut of measures promises to unleash the animal spirits of rural India, which houses about 70% of the country’s population.
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the right direction. Strengthening institutions too is necessary so that individual farmers can exercise their choice regarding economic activities . Agri reforms were a long overdue, and the government must ensure it maintains the current momentum. A lot more needs to be done to lift millions of farmers out of despair. ( Graphics by Abdul Shafiq)
Call it the second chapter of India’s economic reforms. After reforming industries in the first phase – it’s still an unfinished agenda – policymakers in the country have finally turned their eye on the agricultural economy. A gamut of measures promises to unleash the animal spirits of rural India, which houses about 70% of the country’s population.
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the right direction. Strengthening institutions too is necessary so that individual farmers can exercise their choice regarding economic activities . Agri reforms were a long overdue, and the government must ensure it maintains the current momentum. A lot more needs to be done to lift millions of farmers out of despair. ( Graphics by Abdul Shafiq)
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