June 12, 2017

Politicians Trap India’s Farmers between Scarcity and Surplus

Shankkar Aiyar, Visiting Fellow at the IDFC Institute writes on the continuous plight of Indian farmers irrespective of the Governments in power or robust agricultural growth in this New Indian Express article.

 

"The farmer is the constituency of opportunity for the Opposition and victim of neglect by successive governments and systemic apathy. The National Sample Survey in its 70th report released in 2014, informed that there were 90 million agricultural households— 69 per cent with less than a hectare of land. The average household (of five persons) monthly income was `6,426, and 52 per cent reeled under debt with average burden being `47,000.

 

...Agriculture is simply like any other enterprise. To appreciate, contrast the farmer enterprise with any small enterprise, in manufacturing, for example.  The entrepreneur can enter into a contract with a buyer, access credit on the basis of the order, buy insurance, source suppliers’ credit for inputs, and plan his operations to maximise revenues and profit."

 

Read the full article here.

Topic : Transitions / In : OP-EDS
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