Forget doubling incomes, farmers will be happy if incomes grow at all: India’s economy is expected to contract by 4.5 per cent in 2020-21 while the world economy is expected to contract by 4.9 per cent, as per IMF estimates. While India is experiencing a slowdown and its first non-agriculture recession, the “growth of agricultural output has to be matched by rising demand”, else the “excess supply with declining demand will only drive prices down”, says Himanshu, associate professor of economics at the Centre for Economic Studies and Planning, Jawaharlal Nehru University. Read more here.
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