India`s`Farm Bills 2020`– Boon or Bane for the Farmers?

Global Economic Impact of Coronavirus – Assessment and Mitigation (B)
Case Code: ECON095
Case Length: 8 Pages
Period: 1955-2020
Pub Date: 2021
Teaching Note: Available
Price: Rs.200
Organization : -
Industry : Agriculture & Forestry
Countries : India
Themes: Public Policy, Government Policies
Global Economic Impact of Coronavirus – Assessment and Mitigation (B)
Abstract Case Intro 1 Case Intro 2 Excerpts

Farm Laws in India

In India, agriculture was one of the prominent sectors of the national economy. As of 2020, it contributed to 14 percent of the GDP while the employment rate in agriculture was to the tune of 42 percent of the population. The regulation of the prices of agriculture produce was first started in India during the British rule. The main aim of the administration in the British era was to ensure that the prices of the agri produce were affordable to the consumers during that period. The first price regulation was started in 1886 to regulate the price of cotton that was produced in India to make it affordable to the mills in Manchester, England. The first regulated market was set up in Hyderabad and was named ‘Karanja’..

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