Despite the Modi government’s promise to double farmer income, the reality remains far from ideal. The agricultural daily wages for men have only increased by 57.6 percent since the policy was announced in February 2016. Issues like farmer indebtedness and slow rural development continue to plague the sector.
While the government and economists celebrate high GDP growth, rural areas are left wanting for a fair share of the economic progress. The trickle-down effect seems to be failing, with rising inflation and stagnant incomes putting a strain on rural households. The emphasis on capital expenditure over social welfare spending is a concerning trend, neglecting the basic needs of the population.
It’s clear that the current economic strategies are missing the mark when it comes to addressing the challenges faced by farmers and rural communities. A more holistic approach, focusing on real wage growth, reducing farmer indebtedness, and equitable distribution of economic benefits, is essential to truly double farmer income and improve rural livelihoods.
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