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The politics and economics of farm laws repeal

What the Centre had planned would, in the aggregate, raise farm incomes substantially and enable India to move up from being a low middle income country. The crucial mistake the Centre made was not to spend enough time with farmers explaining the whole new system and securing their support

November 22, 2021 / 09:40 AM IST
The politics and economics of farm laws repeal

The Union government’s decision to repeal the three farm laws in the face of a year-long farmers’ protest that refused to die down poses some obvious questions. What can be the reasons behind this stepping back by a government that usually sticks to a stand once it is taken? What can be the consequences? Most have described the development as a victory of politics over economics. The political compulsion before the government is not to go in for the assembly...

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