An Analysis of Agrarian Crisis in India: Cause and Consequences
Journal Title: IJAR-Indian Journal of Applied Research - Year 2016, Vol 6, Issue 8
Abstract
Indian economy has been facing crisis in its farm sector and its worst face is the suicides of farmers in almost all parts of India.. Poor returns to cultivation and absence of non-farm opportunities are indicative of the larger socio-economic malaise in rural India. This is accentuated by the multiple risks that the farmer faces – yield, price, input, technology and credit among others. The increasing incidence of farmers’ suicides is symptomatic of a larger crisis, which is much more widespread. Risk mitigation strategies should go beyond credit. Long term strategies requires more stable income from agriculture, and more importantly, from non-farm sources. Private credit and input markets need to be regulated. A challenge for the technological and financial gurus is to provide innovative products that reduce costs while increasing returns. To overcome the hurdles in this sector especially the farmers in the rural areas should be empowered with credit facilities. For this, policy and programs involving timely and adequate investment in agriculture would facilitate farmers’ access to technologies and other relevant help in farming process.
Authors and Affiliations
Mr. BETHU SUDHAKAR
Keywords
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