Economist Ajit Ranade talks to host Pavan Srinath about the recent national legislations on farming and agricultural markets, and the reason for widespread farmer protests across the country.
Ajit discusses the three amendments that were first passed as ordinances by the Government of India and explains the history and impact of Agricultural mandis (APMCs) and the Minimum Support Price (MSP). He explores how Indian agriculture can move from a government-led system to a market-based system, and what needs to be done to address farmer concerns while doing so.
Dr. Ajit Ranade is the Chief Economist of the Aditya Birla Group. He writes regularly on economic and social issues in Livemint, Mumbai Mirror, Deccan Herald and elsewhere.
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