Try GOLD - Free
From parched fields to prosperity
Financial Express Hyderabad
|January 05, 2026
FARMER PROSPERITY CAN BE REAL IF INNOVATION IS SCALED WITH COLLABORATION BETWEEN ALL STAKEHOLDERS
VICTOR HUGO ONCE wrote “No power on earth can stop an idea whose time has come.” In contemporary India, in the midst of drought in 2015-16, Prime Minister Narendra Modi floated an idea to double farmers’ real incomes by 2022-23.
He called it his dream as he knew that if peasantry prospers, India will prosper. Even Mahatma Gandhi said that India lives in villages. But today, the economic condition in villages is not very good. They are still lagging behind in basic infrastructure. To the best of our knowledge, no independent study has been undertaken about the outcome of PM Modi’s idea of doubling farmers’ incomes. However, at ICRIER, we have researched on this issue and our conclusion is that the achievement was less than 50%.
Almost at the same time, in a drought-stricken district (Beed) in Maharashtra, someone else—Mayank Gandhi—floated an idea of Krishikul under the Global Vikas Trust (GVT) to augment farmers’ incomes. He and his team of GVT convinced farmers to shift from traditional crops of soyabean and cotton to fruit crops such as papaya, custard apple, sweet lime, guava, pomegranate, mulberry, bananas, etc. The result has been astounding. As per an independent evaluation study by Tata Institute of Social Sciences (TISS) in 2024, the per acre income of farmers increased by more than 10 times, from |38,700 to €3.93 lakh within a short transition period. So far, GVT has planted more than 6.7 crore fruit trees (cumulatively) in about 43,000 acres belonging to roughly 30,000 farm families spread across 5,000 villages. Now the issue is—if this can be done in Maharashtra’s Beed, why it can’t be replicated and scaled up to other districts and states? That’s where the role of the state and central governments comes in.
This story is from the January 05, 2026 edition of Financial Express Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Hyderabad
Financial Express Hyderabad
TN stampede: CBI quizzes TVK chief Vijay for 6 hours
ACTOR-POLITICIAN TO BE CALLED AGAIN BY PROBE AGENCY
1 mins
January 13, 2026
Financial Express Hyderabad
Maruti to invest ₹4,960 cr in 2nd Gujarat plant
MARUTI SUZUKI INDIA, the country's top carmaker, has received board approval to invest ₹4,960 crore in Gujarat to expand its manufacturing capacity, marking a significant step in its longterm growth strategy.
1 min
January 13, 2026
Financial Express Hyderabad
Retail inflation rises to 1.33% in Dec
THE RBI HAD, in its December monetary policy meeting, cut the inflation target for 2025-26 to 2% from 2.6% forecast earlier and delivered a 25 basis points cut in reporate to 5.25%.
1 min
January 13, 2026
Financial Express Hyderabad
Dmart Ready: focus on large cities
THE FIRM TO CROSS ₹4,000 CR IN ANNUAL REVENUE AT FY26-END
2 mins
January 13, 2026
Financial Express Hyderabad
Capex budget may rise to ₹12.5Lcr
Counter-cyclical step amid external headwinds, particularly US tariffs
1 min
January 13, 2026
Financial Express Hyderabad
Deutsche’s India business gets Kotak, Federal bids
THE BANK, WHICH currently operates branches in 16 cities in India, has been narrowing its focus in recent years on corporate banking and investment banking services for multinational and large domestic clients.
1 min
January 13, 2026
Financial Express Hyderabad
Gold and silver storm to records
GOLD AND SILVER climbed to records in a broad-based metals rally as the US Justice Department threatened the Federal Reserve with a criminal indictment, reviving concerns over the central bank's independence.
1 min
January 13, 2026
Financial Express Hyderabad
Capex budget may increase to ₹12.5L cr
AKEYAREA where much of the incremental outlay may be directed is the Centre’s grant-like scheme for special assistance to states for capital investment (SASCI).
1 mins
January 13, 2026
Financial Express Hyderabad
Wheat sowing rises 2% to 33.4 million hectare
AREA UNDER COVERAGE for wheat rose 2% to 33.4 million hectares till January 9 of the ongoing rabi (wintersown) season, according to the government data.
1 min
January 13, 2026
Financial Express Hyderabad
Apple tops 2025 smartphone mkt
GLOBAL SMARTPHONE SHIPMENTS rose 2% year- on-year in 2025, lifted by stronger demand and eco- nomic momentum in emerging markets, Counter- point Research said on Mon- day. Apple led the market with a 20% share, the largest among the top five brands, supported by solid demand in emerging and mid-sized markets and strong sales of the iPhone 17 series, said Counterpoint analyst Varun Mishra.
1 min
January 13, 2026
Listen
Translate
Change font size
