Moneycontrol

Budget 2023Budget 2023

PARTNERS

  • Tata AIA Life Insurance
  • Hafele
  • Motilal Oswal
Live Now : Nifty Banker 3.0 | India's First Retail Index Traders Online Conference.
Budget 2023
Budget 2023

Economic Survey 2021 says farm sector reforms overdue, will help create ‘One India, One Market’

Economic Survey 2021: This comes at a time when farmers have expressed apprehension about the three new farm reform laws that seek to liberalise trade in agriculture.

January 29, 2021 / 02:45 PM IST
Budget 2021 | Representative image: Moneycontrol.com

Budget 2021 | Representative image: Moneycontrol.com

The Economic Survey 2021 released on January 29 said that the Centre’s recent reforms in the agricultural markets will enable the creation of "One India, One market" and offer more opportunities to farmers.

According to the survey, the agricultural reforms would enable farmers to sell where they get the “best deal” and thereby, allow competition, an essential condition for the welfare for the small farmer.

The observations come as the three laws that seek to liberalise trade in farm produce have run afoul of some farmer groups, especially those from Punjab and Haryana who have staging a sit-in protest along the borders of Delhi for weeks, demanded that they be scrapped. The government is firm on the laws. The violence on the Republic Day by some protesting farmers has hardened the stance on both sides.

The survey suggests that reforms in agricultural sector were “more overdue than even the labour reforms” as the existing laws had kept Indian farmers “enslaved to the local mandi and their rent-seeking intermediaries”.