All such investments will go a long way to augment farmers’ incomes in a sustainable manner. Else, I am afraid, much of the talk in the Union budget for agri-reforms will remain mere rhetoric.
Although the Union budget is basically an accounting exercise of revenues and expenditures for the coming year, economy-watchers anxiously wait for the finance minister to announce major economic reforms. In that sense, the budget of 1991 remains a historic one that changed the course of Indian economy from being largely a socialist, state-controlled to a somewhat more liberal and market oriented economy. The results of exchange rate correction, trade policy changes, and delicensing of industry are there for everyone to see.
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