India`s`Farm Bills 2020`– Boon or Bane for the Farmers?
Case Code: ECON095 Case Length: 8 Pages Period: 1955-2020 Pub Date: 2021 Teaching Note: Available |
Price: Rs.200 Organization : - Industry : Agriculture & Forestry Countries : India Themes: Public Policy, Government Policies |
Abstract Case Intro 1 Case Intro 2 Excerpts
Farm Laws in India
In India, agriculture was one of the prominent sectors of the national economy. As of 2020, it contributed to 14 percent of the GDP while the employment rate in agriculture was to the tune of 42 percent of the population. The regulation of the prices of agriculture produce was first started in India during the British rule. The main aim of the administration in the British era was to ensure that the prices of the agri produce were affordable to the consumers during that period. The first price regulation was started in 1886 to regulate the price of cotton that was produced in India to make it affordable to the mills in Manchester, England. The first regulated market was set up in Hyderabad and was named ‘Karanja’..
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