• InduQin

India’s new agriculture laws have potential to raise farm income: IMF's Gita Gopinath

For weeks, farmers' unions have been protesting in and outside the nation’s capital, demanding the withdrawal of recently passed legislation they say, without evidence, was designed to benefit corporates.

There have been multiple rounds of talks with the government but the stalemate continues.

A faction of farmers believe that these bills will severely impoverish them but the International Monetary Fund (IMF) has a different point of view.

IMF's Chief Economist Gita Gopinath has said that India's recently-enacted agriculture laws have the potential to increase farmers' income.

"Indian agriculture is in need of reforms. There are multiple areas where the reforms are needed, including infrastructure," the Chief Economist of the Washington-based global financial institution said on Tuesday.



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