InvestorQ : How do you see the farmer protests across India impacting the Indian government stand on the recent spate of agricultural reforms?
Dhwani Mehta made post

How do you see the farmer protests across India impacting the Indian government stand on the recent spate of agricultural reforms?

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Dilmini Mercia answered.
3 months ago
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Over the last few weeks, massive farmer protests are raging on the borders of Delhi as farmers from Punjab and Haryana seek to enter Delhi in a bid to pressure the government. However, after holding on to its stand the Indian government looks to be relenting and may roll back some of its agricultural reforms.

The genesis of the fear of Indian farmers stems from the believe that the legislation passed in September would virtually dismantle India’s regulated agricultural markets and actually put a bar on government buying wheat and rice at guaranteed prices. This could put the farmers at the mercy of private companies, which the government has stoutly denied.

For one, the government is open to imposing taxes on new wholesale markets to ensure a level playing field. In the event of disputes between, government may allow farmers appeal to a higher court than is currently permitted. But the biggest concern of big farmers is that they may lose their clout and their income from grain lending. That is the key.

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