Time ripe for agriculture
The Economic Times The outlook for agriculture in India is changing: price rises are lifting realisations , which are being reinvested in productivity growth. The outlook for agriculture in India is changing: price increases are lifting realisations, which, in turn, are being reinvested in productivity enhancements. Small changes in the agricultural value chain can add up to a substantial improvement in yield and productivity. India ranks high in terms of total production of various commodities including milk (first), wheat (second), rice (second), fruits and vegetables (second). Increasing prices of commodities via government support MSPs or general inflation (milk, fruits and vegetables) have led to a doubling of farmer incomes over this decade. Thanks to the injection of funds by the government through various schemes (like MG-NREGA and PM Gram Sadak Yojana), the Indian heartland is witnessing a bout of prosperity. However, low yields (across all staples and milk) highlight