REPERCUSSION OF NEW FORMER’S BILL ON AGRI BASED SECTOR
E. Lokeswari
, Prof. B. Suresh Rao
1. The Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020,3. Farm Services Bill, 2020,, aggrotech startups
In Rajya Sabha, the Agriculture Bill will possibly pass, opening the way for the first time for contract farming, open market for agricultural produce, and private capital + FDI in agriculture! This is the 1991 moment for India's agriculture industry, which will ultimately evade the APMC Act's license raj. What are the major changes on the cards? What are the changes that you anticipate? Is this a game-changer for aggrotech companies? Will this mean our agriculture and food export can grow rapidly now? We have one of the world's most inefficient and backward farming systems. The Netherlands, a nation smaller than the size of the Delhi NCR, exports more food than we do to the rest of the world! The Netherlands is the world's 2nd largest exporter of grains, the US is the largest, and India is just 11th! Basically, when we use advanced Agri technologies and private capital, we have immense potential for growth here. We may be the world's largest exporter of food. We'll be able to stop world hunger. And this is a sector that is increasing barely 1% year on year, while 50 percent of Indians are employed in this industry! It's a drag on GDP for us. If this industry expands as quickly as it can, we will have a higher GDP than we have ever had. It was not possible because of archaic laws. It can finally change now! Would love to hear the thoughts on this.
"REPERCUSSION OF NEW FORMER’S BILL ON AGRI BASED SECTOR", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 1, page no.199 - 202, January-2021, Available :https://ijsdr.org/papers/IJSDR2101030.pdf
Volume 6
Issue 1,
January-2021
Pages : 199 - 202
Paper Reg. ID: IJSDR_192840
Published Paper Id: IJSDR2101030
Downloads: 000347042
Research Area: Management
Country: Chittoor, andhra pradesh, India
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
