New Deal for Agriculture for Viksit Bharat@2047

Ashok Gulati (), Ranjana Roy () and Ritika Juneja ()
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Ashok Gulati: Indian Council for Research on International Economic Relations (ICRIER)
Ranjana Roy: Indian Council for Research on International Economic Relations (ICRIER)

Indian Council for Research on International Economic Relations (ICRIER) Policy Paper from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India

Abstract: The policy brief addresses the pressing issues within India's agricultural sector against the backdrop of ongoing farmers' protests, aiming to provide insights and actionable solutions for sustainable income growth and inclusive development. It highlights the modest increase in farmers' incomes over the years, indicating the necessity for proactive measures to address underlying issues. The suggested strategies aim to foster inclusive agricultural development by promoting diversification towards high-value commodities, enhancing market access through innovative approaches like contract farming and Farmers' Producer Organizations (FPOs), liberalizing trade policies to facilitate better price realization for farmers, incentivizing workforce transition out of agriculture, and boosting Total Factor Productivity (TFP) through investments in infrastructure and research. These strategies, if implemented effectively, can empower farmers, improve market efficiency, and contribute to the overarching goal of India's development envisioned in Viksit Bharat@2047.

Keywords: Farmers-Income; Agriculture; Minimum Support Price (MSP); MNREGA; Diversification (search for similar items in EconPapers)
Pages: 17 page
Date: 2024-03
New Economics Papers: this item is included in nep-agr
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