 "The use of procurement as an instrument to enforce MSP is usually costly and costlier for crops where a ready avenue for disposal does not exist")
With the emphasis on boosting farmers’ income and rural economy, the Finance minister Arun Jaitley emphasised on several measures during the Union budget 2018-19. Arun Jaitley, in his Budget speech, proposed to increase the MSP (minimum Support price) for Kharif crop to 1.5 times producer’s costs and various other measures are likely to propel prospects of Agri-input companies (seeds, Fertilisers, agrochemicals players) as other proposed measure too will drive benefits.
Rating agency Icra says that the Union Budget 2018-19 lays huge emphasis on reviving the rural economy by increasing the income level of the farmers and reducing their costs and
