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Agriculture in FY21 budget: Paying farmers keeps them poor

The finance minister, in her FY21 budget speech, announced a 16-point agenda to kickstart growth in agriculture and farmers’ income. While the agenda makes sense, following the money presents a disconcerting prospect. Less than 10% of the Rs 2.2 lakh crore budgeted for agriculture will support capit...

Full description

Main Author: Kishore, Avinash
Format: Opinion Piece
Language:Inglés
Published: Indian Express Group 2020
Subjects:
income
investment
farmers
farm income
research
agriculture
subsidies
cash transfers
poverty
Online Access:https://hdl.handle.net/10568/143270
Summary:The finance minister, in her FY21 budget speech, announced a 16-point agenda to kickstart growth in agriculture and farmers’ income. While the agenda makes sense, following the money presents a disconcerting prospect. Less than 10% of the Rs 2.2 lakh crore budgeted for agriculture will support capital formation or R&D. Economies can’t grow without investment and innovation. This budget provides money for neither.

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