International Monetary fund Chief Gita Gopinath observed that the new farm laws introduced by the Government in the year 2020 have the potential to increase the farmers income. Indian agriculture is in the need of reforms. The three farm laws will enable the farmers to sell their produce anywhere in the country because the middlemen have been eliminated.
'There is a need to provide a social safety net for vulnerable cultivators’
She also observed that there is a need of multiple reforms in various sectors such as infrastructure.
That said, every time a reform is put in place, there are transition costs. One has to make sure and pay close attention that it does not harm vulnerable farmers, and make sure that a social safety net is provided. Clearly, there is a discussion right now and we’ll see what comes out if it,” she added.
Thousands of farmers in India, mostly from Punjab, Haryana and western Uttar Pradesh, have been camping at several Delhi border points since November 28 last year, demanding a repeal of the farm laws and a legal guarantee on the Minimum Support Price (MSP) for their crops.
In the last few months, 11 rounds have taken place between the government and the farmers to find the solutions.