Why India is unlikely to double farmers' income by the end of this fiscal

The current growth in the Indian cultivator's real or inflation-adjusted income, at about 3.5 per cent, is barely a third of the growth rate required to achieve this goal

Earlier this month, the Central government said in a reply in Parliament that it has taken several measures to double farmers’ income by 2022 and that the progress made so far indicates that it is ‘on the right track’.

However, a closer look at the data and at the assumptions made thereof shows that as of now, it appears that the country seems quite unlikely to achieve that goal in real terms by FY23 end.

The Dalwai Committee

The Ashok Dalwai Committee on Doubling Farmers’ Income, set up by the Central government, had categorically said in its 14-volume report that