Economical Suppression of Agricultural Business and Governmental Policies

Abstract

The agricultural sector has always been an important part of Indian economy. Even though in Indian society farmer and farming has a sacred place but the economic conditions and social status of farmer has been continuous declining in last few years. Many people speculate the reason behind this is the low production from farms but it is observed that the agricultural production is highest in the history and even though the position of the farmers in the economy and society is declining. This phenomenon is result of purely economic factors, the government policies are leading to suppression of agricultural business by reducing its ability to provide reliable income source. The import and export trade policies are the huge barriers in front of agricultural business and even though government has been compensating this by providing subsidies and interest free loans but its overall effect is resulting in as a major blow on the morale of farmers. In order to strengthen the agricultural business the government has to treat agricultural sector as a business and not as sacred duty to feed the population and government has to change its policies likewise.