More than half of Indians work on farms, but the sector accounts for barely a sixth of the country’s GDP. Falling productivity and lack of modernization have plunged incomes and hampered agriculture in India for decades. The government grants farmers generous subsidies, exempts them from income tax and crop insurance, guarantees a minimum price for 23 crops, and regularly waives debt.

LEAVE A REPLY

Please enter your comment!
Please enter your name here