Agricultural Subsidies in India: Importance and Issues

Need for Subsidies

  • Constitutional Obligation: According to Article 48 of the Indian Constitution, it is the state's duty to modernise agricultural organisation.
  • Decrease Inequality: According to FAO, 70% of rural Indian households depend mostly on agriculture for their subsistence. One strategy for distributing money and reducing inequality is subsidies (Oxfam report 2020- top 10 percent holds 72 percent of wealth).
  • Supplement Income: Farmers only receive a poor portion of their income (less than one-third of non-farmers' income). Farm subsidies provide farmers with supplemental money that can be reinvested back into the industry.
  • Greater Production: Access to quality inputs, such as seeds and ....
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