Key Points
New Delhi: Potential for increasing farmers incomes lies primarily in moving towards animal husbandry and pisciculture, finds a study led by prominent agricultural economist Ashok Gulati and three other researchers...
Titled New Deal for Agriculture for Viksit Bharat@2047, the study, which was published by the Indian Council for Research on International Economic Relations (ICRIER) earlier this month,recommends five policy options that could benefit farmers without placing any undue costs on the rest of the economy...
The paper authored by Gulati, Ranjana Roy, Ritika Juneja and Manish Kumar Prasad of the ICRIER, recommends diversification away from crops towards high-value commodities like the livestock sector and fisheries, which have seen drastic growth over the past few years...
The second way is Farmers Producers Organisations (FPOs), where market access for FPO members is increased due to improved bargaining power, enhancing their productivity, increasing incomes, and ultimately mitigating rural poverty...
It aims to establish open networks for e-commerce in goods and services, fostering transparency, inclusivity, and innovation, which in the agriculture sector can bring transformative changes by giving farmers direct access to digital marketplaces...
