Open AccessEconomical Suppression of Agricultural Business and Governmental Policies
Author(s) -
Nikhil S. Mane,
Suhas N. Ankalkhope,
Sandesh S. Awati,
Siddhanath Nishandar
Publication year - 2018
Publication title -
asian review of social sciences
Language(s) - English
Resource type - Journals
ISSN - 2249-6319
DOI - 10.51983/arss-2018.7.1.1401
Subject(s) - agriculture , subsidy , government (linguistics) , business , agricultural productivity , position (finance) , order (exchange) , population , economic policy , agricultural economics , production (economics) , duty , economic growth , economics , market economy , finance , political science , geography , demography , archaeology , sociology , law , macroeconomics , linguistics , philosophy
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.