ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Millennium Budget

The overall approach of the budget in regard to agriculture and rural development, of containing subsidies and increasing investment, is right. But real rationalisation of subsidies requires not merely price revisions but substantial institutional reforms. Similarly, it would require massive doses of investment in irrigation and R and D before a significant weather-proofing of Indian agriculture can be achieved and to expect that the proposals contained in the budget for 2000-2001 can put agriculture on a sustainable growth path of 4 per cent per annum is naive.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

649for India

$20for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top