New Delhi: Even as farm unions are pitching for a legal guarantee to minimum support price (MSP), experts in the government say that legalising MSP to procure 23 crops would disrupt the market equilibrium, drive out private trade, and lead to inflation and a decline in agriculturalexports.
Officials feared that farmers would actually be hit and cited Niti Aayog’s working paper on farm reforms to argue that liberalised markets were more favourable to growth than government support and interventions in the market over a period of time.
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