Farmers need economic freedom
It is important to accept the paradigm that what the farmer needs is more economic freedom, not more price and quantity controls, and cleverly designed subsidies
Since this was a pre-election Union budget, it was expected to cater prominently to the voting constituency most in need of supportive signals. After the Gujarat election, it was clear that the rural and agriculture sectors would receive greater attention. Some commentators recalled the fate of the former chief minister of undivided Andhra Pradesh, who received a drubbing in the 2004 election, presumably because he neglected the rural and agriculture constituency. All election analyses are inherently flawed, and outcomes gloriously uncertain, but it’s accepted wisdom that the software magic in Hyderabad could not prevent the backlash from the hinterland in 2004.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more