Back to News

Modi’s Vision in Jeopardy? Report Says Farming Remained Unprofitable for Two Decades

July 17, 2018

Modi’s Vision in Jeopardy? Report Says Farming Remained Unprofitable for Two Decades

On one hand the NDA government is actively touting the idea of doubling the income of the farmers by 2022, but on the other hand, a report has been released that shows it might be far cry from reality.

A recent OECD-ICRIER report says that despite the numerous government reforms, farming has been largely unprofitable for nearly 2 decades. Although the farmers received subsidies for various inputs including irrigation, power, and fertilizers, their gross profit plummeted by 14% between 2000-2016.  

The report suggests that the center needs to roll out new reforms and improve the existing ones to accelerate farmers’ income.

Photo credit: Al Jazeera English on Visualhunt /CC BY-SA

Consult a Career Advisor

Fill up the form to get in touch with us.

Recent Posts
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
March 29, 2019
Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
March 29, 2019

Recommended for you ...

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

Chat on WhatsApp