MSP being a floor price set by the government, acts as a sort of safety net for farmers. This tool removes a lot of uncertainty for farmers and helps in food production. The MSP was constituted at such a time when India was facing a food-grain shortage and needed to...
The Minimum Support Price (MSP) system is a government policy tool in the agricultural industry created to shield farmers from changes in market prices and guarantee a minimum income for their produce. The Commission for Agricultural Costs and Prices (CACP) recommends MSPs for 23 commodities, which comprise 7 cereals, 5...
Jayan Jose Thomas, Professor of Economics at the Indian Institute of Technology Delhi, asserts that on a macro basis, India does not face labour shortage, though it may be relevant for specific regions during specific periods. Therefore, the role of technology has to be of providing value addition that will...
The RCEP region is an important market for Indian fisheries exporters. But even in the absence of the deal, India can explore other options to engage with RCEP nations to boost its fisheries exports. But this also necessitates boosting India’s fisheries infrastructure and taking steps to improve industry competitiveness. India’s...
Prof. Kushankur Dey, IIM – Lucknow, states that there are several issues faced the horticulture industry as far as value addition or processing is concerned. These relate to a disintegrated supply chain and dearth of pre-cooling facilities, paucity of initiatives that can reduce wastage levels and lack of technology intervention...
Sustainable small-scale fisheries could be a major step towards attaining self-sufficiency and sustainability for India’s marine products sector. However, given the buy low-sell high dynamics of the sector and the post-pandemic impact, these fisheries require well-directed support through initiatives likes restructuring of loans, value addition and aggregation into FPOs. The...
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