Home / Economy / News / In his bid to revive Indian economy, Modi takes a gamble on the farm

In his bid to revive Indian economy, Modi takes a gamble on the farm

Modi has thrown out the old furniture by ramming legislation through parliament, passed by a dubious voice vote

A farmer waits for his wheat produce procured at the New Grain Market amid ongoing COVID-19 lockdown, in Chandigarh. Photo: PTI

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A farmer waits for his wheat produce procured at the New Grain Market amid Covid-19 lockdown, in Chandigarh. Photo: PTI

5 min read Last Updated : Sep 24 2020 | 8:20 AM IST

Big changes are afoot in Indian agriculture, driven by Prime Minister Narendra Modi at considerable political risk. Freeing up farming markets may be as significant as dismantling industrial licenses in 1991. However, if the state’s protection withers away only to reveal a few large capitalists as the new overlords, there will be chaos and misery rather than progress and prosperity.

To gauge the scale of what’s being done, picture the depth of the stasis: 119 million cultivators and 144 million farmhands — taken together, 10 times Australia’s population — yoked to a marketplace designed to be anti-competitive, and denied the lift

Topics : Narendra Modi Agriculture reform farm crisis Monsoon session

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