Agritech, the Propeller of Farm Prosperity
Business Today|March 06, 2022
The Budget makes clear that the government is keen to address the structural issues in agriculture rather than hand out short-term palliatives
- AJAY S. SHRIRAM and RAJ VERMA
Agritech, the Propeller of Farm Prosperity
FOLLOWING THE impasse over the farm laws that led to their withdrawal, it was widely expected that Finance Minister Nirmala Sitharaman would make a host of new proposals in the Union Budget to win them back again. In fact, the Budget makes clear that the government is keen to address the structural issues in agriculture (which the farm laws were meant to address) rather than hand out short-term palliatives. On many counts, the Union Budget 2022 scores on several fronts, especially in the area of capital expenditure, which has been increased by 35.4 per cent. This is expected to boost investments from corporates and generate more jobs as well. There is a realisation that agritech has to be the engine that propels those structural changes, leading to farm prosperity. A road map has been put forward to increase rural infrastructure and connectivity to support farmers for quicker market access. This has a direct bearing on the farmer’s price realisations, particularly for perishable items.

In the Union Budget 2022, several measures have been announced that dovetail tech into the farm sector—a much needed intervention for productivity enhancement. The finance minister’s thrust on a PPP model through the involvement of new-age players should be seen in that context. Extensive use of drones is one such example. The government has maintained its commitment to the MSP regime by earmarking a whopping ₹2.37 lakh crore to procure 120.8 million metric tonnes of wheat, paddy from 16.3 million farmers through direct payment into their accounts. This is a huge step and should assuage farmers who had doubts regarding the continuity of the procurement mechanism.

この蚘事は Business Today の March 06, 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

この蚘事は Business Today の March 06, 2022 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

BUSINESS TODAYのその他の蚘事すべお衚瀺
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 分  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 分  |
December 08, 2024
LOOK BEFORE YOU LEAP
Business Today India

LOOK BEFORE YOU LEAP

IN 2025, INVESTORS WILL NEED TO FACTOR IN VOLATILITY ACROSS ASSET CLASSES

time-read
5 分  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 分  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 分  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 分  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 分  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 分  |
December 08, 2024