Agri Buzz: Economic Survey Highlights Need To Improve Price Discovery Mechanisms For Agriculture Products
22-Jul-2024
18:25
Despite its centrality in India's growth trajectory, the agriculture sector continues to face structural issues that have implications for India's economic growth. The foremost concern confronting the sector pertains to sustaining agriculture growth without letting food price inflation rise beyond acceptable limits while incentivising farmers to raise production. There is also a need to improve price discovery mechanisms for agriculture products, increase efficiency, reduce disguised unemployment, address the fragmentation of landholding, and increase crop diversification, among a host of other issues. All of these call for the upgradation of agricultural technology, the application of modern skills in farm practices, enhancing agricultural marketing avenues, price stabilisation, the adoption of innovation in farming, lowering wastages in the use of fertiliser, water, and other inputs, and improving the agriculture-industry linkages.
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