Business Today

All Geared to boost farm income

A multi dimensional approach to reduce farm distress could lead to faster economic growth.

This is perhaps the first budget which brings the farmer and rural India to the centre of economic policy and fiscal allocations. It lays the foundation for India to achieve a high rate of economic growth, because all along what the country missed was increasing farmer's income at a sustained rate. Unless the rural sector incomes and productivity levels improve, we will not be able to make use of the potential demand that exists for consumers and consumer durable products.

Farmers' incomes go up and down depending on shortages or plenty. Once we achieve a sustained rate of rural income growth and take steps to eliminate the dualism between Bharat and India, only

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