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Low increase in MSPs could pose risk to rural demand

The government’s desire to control inflation and limit its subsidy outgo is understandable, but this will also limit growth in agricultural income

September 09, 2021 / 02:17 PM IST
Low increase in MSPs could pose risk to rural demand

The minimum support prices for Rabi (winter) crops for the 2022-23 season have been announced. The main rabi crop of wheat has seen a meagre increase of 2.1 percent, slightly lower than the previous year’s increase of 2.6 percent. Generally, the wheat MSP has followed a declining trend in the past five years. A similar trend is visible in barley prices as well. (image) While the government had increased prices of pulses to encourage cultivation and lower imports, even that...

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