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SBI Research Report
The government has passed three bills in agriculture sector, which aim to change the way agricultural produce is marketed, sold and stored across the country which were initially issued in the form of ordinances in June.
The three bills aim to increase the availability of buyers for farmers’ produce, by allowing them to trade freely without any license or stock limit, so that an increase in competition among them results in better prices for farmers.
We heartily welcome the measures adopted by government in order to enhance the production and income of farmers.
India is no more just a cereal granary and states are producing diversified crops and it is time that we go for white revolution.
In fact, the contribution of cereals in the -added crops has significantly come down over the years from a high of 49% in 1968-69 to 28% in 2018-19, in current prices and that of fruits and vegetables has grown rapidly to 30% of the share in crop output, vis-a-vis 14% in 1968-69.
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