Forget doubling incomes, farmers will be happy if incomes grow at all: India’s economy is expected to contract by 4.5 per cent in 2020-21 while the world economy is expected to contract by 4.9 per cent, as per IMF estimates. While India is experiencing a slowdown and its first non-agriculture recession, the “growth of agricultural output has to be matched by rising demand”, else the “excess supply with declining demand will only drive prices down”, says Himanshu, associate professor of economics at the Centre for Economic Studies and Planning, Jawaharlal Nehru University. Read more here.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)