Gist of Editorials: From Plate to Plough (Indian Express) | GS – III

Relevance : GS Paper III (Indian Economy)

[1000 words reduced to 150]

  • Doubling farmers’ incomes by 2022-23 cannot be realised with loan waivers and higher MSPs
  • In fact, they may worsen the condition of agriculturists over the medium to long run by:
    • eating into the scarce resources of the sector,
    • shrinking public investments in agriculture and
    • lower growth in this sector.
  • Way forward
    • Ushering in structural reforms.
    • getting the agri-markets right
    • farmers’ access to best technologies
    • augmenting investments in agri-R&D
    • fixing the weak Intellectual Property Rights (IPR) regime
    • massive investments in areas such as better water management technologies
    • institutional reforms in land management
    • reforms in agri-credit markets
    • Streamlining crop-insurance
    • Reforming the Essential Commodities Act
    • Export and domestic marketing policies need to be liberalised.
    • Agricultural growth rate of more than 10 per cent per annum.