April 27, 2015

Giving up agriculture


Courtesy: MintIn this Mint article, Vivek Dehejia writes that “…farming in India is vastly inefficient and unproductive, and that millions of workers will need to move—sooner or later—to more productive manufacturing or service sector employment…

... It is difficult to measure precisely the annual cost to the exchequer of the direct and indirect subsidies to agriculture, but the figure is on the order of several trillion rupees….. While slashing these schemes in the first instance is politically difficult, the way forward for the Modi government is partly through the land bill itself, which will make it easier to acquire land for development and infrastructure, and which, therefore, may help to hasten the movement of at least some farmers off unproductive land which has greater utility in another use. That is on the supply side of the labour market”.

In : OP-EDS
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