New farm laws herald new era of market freedom: Economic Survey

‘These legislations were designed “primarily” for the benefit of “small and marginal farmers”, which constitute around 85% of the total number of farmers’

The government’s annual Economic Survey on Friday strongly defended new farm laws, saying they herald a new era of market freedom which can go a long way in improving lives of small and marginal farmers in India.

These legislations were designed “primarily” for the benefit of “small and marginal farmers”, which constitute around 85% of the total number of farmers and are the biggest sufferer of the “regressive” APMC-regulated market regime, the survey said.

The pre-budget document defended the farm laws in the backdrop of long-running farmers’ agitation at various borders of the national capital seeking repeal of these legislations expressing concern that they are pro-corporate and could weaken government regulated mandis, also called Agriculture Produce Marketing Committees (APMCs).

“Several Economic Surveys have…

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