The Vice President stressed the need to ensure income security for the country’s farmers and unleash the latent potential of India’s rural economy. He said: “Doubling farmers’ income should be our goal. At the same time, the quality of life of people in rural areas must be improved.
By Amitoj Singh Kalsi
POSTED SEPTEMBER 20, 2021 12:14 PM IST
Vice President Mr. Venkaiah Naidu called for the modernization of agriculture to boost the rural economy. Speaking at an event in Gurugram on Sunday, Naidu said, “Building on our past experiences, we need to regularly review and renew our agriculture and rural development strategies and introduce new technologies within the framework. of our efforts to build an autonomous India.
He said agriculture is the backbone of India’s economy and the country cannot progress if villages remain underdeveloped. Agriculture is the main source of livelihood for around 58% of India’s population, according to an IBEF report.
The Vice President stressed the need to ensure income security for the country’s farmers and unleash the latent potential of India’s rural economy. He said: “Doubling farmers’ income should be our goal. At the same time, the quality of life of people in rural areas must be improved. “
Although there are no official data on rural household income for the past few years, data from the Reserve Bank of India on agricultural wages, an important component of rural income, show a decreasing rate of growth between 2014 and 2019.
In the traditional village economy, an MGNREGS worker is considered the poorest. However, as reported last week by the Hindustan Times, the latest Situation Assessment Survey (SAS) shows that for all but five Indian states, the average income from cultivation per farm household is actually lower than the MGNREGS work would theoretically pay off in 365 days. This illustrates the urgent need to improve farm incomes in the economy.
Naidu’s comments come against the backdrop of a farmer unrest that has continued for more than ten months with hundreds of farmers protesting against controversial farm laws. The protest caused traffic obstruction and roadblocks in several parts of Delhi-RCN, Punjab, Haryana, Uttar Pradesh and Rajasthan, and to a lesser extent in other states, resulting in disruption of supply chains that had already been under post-containment pressure.