Not Just A Pipe Dream
Businessworld|July 21, 2018

The farmer could only get richer, say statistics, even as the debate on doubling farmers’ incomes reaches a crescendo 

Prabodh Krishna
Not Just A Pipe Dream

PRIME MINISTER Narendra Modi was addressing a kissan rally (congregation of farmers) in UP ’s Bareilly on 28 February, 2016, when he declared that his dream was to see the income of farmers double by 2022 — when independent India turns 75. The Prime Minister was obviously speaking of doubling the income of the farmer from what it was in the agricultural year 2015-16 seven years hence in the agricultural year 2022-23. If he indeed was, then he was budgeting for a 10.4 per cent growth in agriculture every year.

Economists across the political and dogmatic spectrum have since pontificated and debated on the practicality of the Prime Minister’s dream, especially after the Economic Survey for 2017-18 predicted a 2.1 per cent growth in farm output. In the penultimate year of the National Democratic Alliance (NDA) government’s tenure, doubling the farmer’s income is no longer a wish. It has assumed the proportions of a policy.

“Yes there are many new and impressive initiatives by the NDA but the agriculture GDP is still not providing the desired results,” says Siraj Hussain, former Secretary, in the Union Ministry of Agriculture and Farmers’ Welfare. Hussain’s scepticism is shared by others too. “Many experts do not believe the vision of doubling farmers’ income as practical,” writes Niti Aayog member Ramesh Chand, in his 2017 paper titled, Doubling Farmers’ Income: Rationale, Strategy, Prospects and Action Plan.

Bu hikaye Businessworld dergisinin July 21, 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Businessworld dergisinin July 21, 2018 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESSWORLD DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
Gauging Trumponomics For India
BW Businessworld

Gauging Trumponomics For India

Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0

time-read
2 dak  |
November 16, 2024
Reflections on Consciousness and Creation
BW Businessworld

Reflections on Consciousness and Creation

Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind

time-read
2 dak  |
November 16, 2024
MORE TAKE TO DRIVING IN STYLE
BW Businessworld

MORE TAKE TO DRIVING IN STYLE

High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure

time-read
4 dak  |
November 16, 2024
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
BW Businessworld

India's Growing Affinity for Swiss Watches: A Luxury on the Rise

NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.

time-read
2 dak  |
November 16, 2024
An ENRiching Outlook
BW Businessworld

An ENRiching Outlook

KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence

time-read
2 dak  |
November 16, 2024
Paving the Path to a Sustainable Future
BW Businessworld

Paving the Path to a Sustainable Future

Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees

time-read
2 dak  |
November 16, 2024
LEADERSHIP TRANSITION AT XIAOMI INDIA
BW Businessworld

LEADERSHIP TRANSITION AT XIAOMI INDIA

Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus

time-read
3 dak  |
November 16, 2024
WEAVING SUSTAINABILITY
BW Businessworld

WEAVING SUSTAINABILITY

Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain

time-read
1 min  |
November 16, 2024
FORCE FOR GOOD
BW Businessworld

FORCE FOR GOOD

FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives

time-read
1 min  |
November 16, 2024
REIMAGINING TOMORROW
BW Businessworld

REIMAGINING TOMORROW

For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders

time-read
1 min  |
November 16, 2024