
Shoumitro Chatterjee on Agricultural Markets in India
Ideas of India
00:00
The Green Revolution - A Risky Technology
S and m s p were two different policies. Minimum support price was only to keep the price from falling below a certain level. Overtime, of course, now there is inertia. And so then you get politically locked into these systems. For farmers who are used to getting an m s p, this is like a salary, right? They are used to it. In a macro sense, we might think that, as i have also argued, in a macro sense,. it might not make sense for the country, but for them it makes sense.
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