Budget 2021: Seven ideas to transform Indian agriculture
India’s agriculture policy has been successful in turning the import-dependent country into a self-sufficient one and then to a food exporting one. No mean achievement considering food items are exported after feeding 1.35 billion citizens. But there is a growing concern that farmers’ income is not keeping pace with economic growth in Asia’s third largest economy. Here are seven ideas for Budget 2021 that can transform the country’s agriculture sector.
The agricultural sector that contributes 14.6% to the economy has immense potential to support the $5 trillion economy goal set by the National Democratic Alliance government led by Prime Minister Narendra Modi. A slew of reforms in agri-marketing, agri-exports and private investment were initiated by the government to transform the country’s agriculture. India’s agriculture sector and farmers’ welfare could get a booster shot if finance minister Nirmala Sitharaman incorporates the following seven broad measures in Union Budget 2021.