Saturday, July 03, 2021

Montek Singh Ahluwalia on Agriculture

 Agriculture was a sector where states could take several initiatives. They could amend the state APMC Act to allow private markets to emerge to compete with government-run 'mandis'. Corporate buyers could be allowed to pick up the produce directly from the farmers, thus giving farmers better prices, especially for perishable crops. They could liberalize tenancy laws that made leasing illegal in many states. Holders of small parcels of land, which were unviable to cultivate as separate farms, could then lease them out to others. The agriculture extension system could be revived to provide a powerful means of bringing the latest technology to farmers to improve yields and increase farm income.

Courtesy: Backstage: The Story Behind India's High Growth Years by Montek Singh Ahulwalia

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