試す - 無料

From parched fields to prosperity

Financial Express Mumbai

|

January 05, 2026

FARMER PROSPERITY CAN BE REAL IF INNOVATION IS SCALED WITH COLLABORATION BETWEEN ALL STAKEHOLDERS

- ASHOK GULATI ISHITA MANDLA

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.

Financial Express Mumbai からのその他のストーリー

Financial Express Mumbai

We plan to invest up to ₹5,000 crore in Noida airport cargo infra'

Air India SATS Airport Services (AISATS) is sharpening its focus on cargo and logistics as a long-term growth engine, alongside its core ground-handling business.

time to read

2 mins

January 05, 2026

Financial Express Mumbai

Citi tops M&A advisory league table

US FINANCIAL POWERHOUSE Citigroup topped India's mergers and acquisitions advisory league table in 2025, capturing the largest share of announced deal value in a year that was slow for much of the period before being lifted by a burst of large transactions towards the end.

time to read

3 mins

January 05, 2026

Financial Express Mumbai

New airport every 50 days, says Naidu

THE COUNTRY'S AIRPORT expansion is gathering pace, with a new airport being added roughly every 50 days as the government is pushing to ease capacity constraints and expand air connectivity, Civil Aviation Minister Ram Mohan Naidu said on Sunday.

time to read

2 mins

January 05, 2026

Financial Express Mumbai

India Inc goes all-in on AI mainstreaming

INDIA INC MAY not be at the forefront of cutting-edge technological development, but it is gearing up for large-scale adoption of artificial intelligence, with large enterprises beginning to rework organisational structures, workflows and leadership roles to embed AI across operations.

time to read

2 mins

January 05, 2026

Financial Express Mumbai

Financial Express Mumbai

ONGC Videsh may get to recover $1 billion in dues

Venezuelan oil supplies may resume to RIL, other refiners

time to read

5 mins

January 05, 2026

Financial Express Mumbai

Financial Express Mumbai

IT results may underline resilience, not recovery

LARGE-CAP DOMESTIC IT services companies are expected to post modest sequential revenue growth of 0.3-2.2% in the December quarter, with results likely to underline stability rather than a clear acceleration in demand, according to analysts.

time to read

2 mins

January 05, 2026

Financial Express Mumbai

Coding gets the right vibe

FOR THE LAST three decades, the sheer headcount of software engineers have been translating into big revenues for Indian IT services companies. The offshore execution efficiency combined with the ability to add talent as and when new projects came up, defined the growth trajectory for the business. This phenomenon is poised for a dramatic shift that would redefine how IT service businesses can count on their advantage.

time to read

2 mins

January 05, 2026

Financial Express Mumbai

Without reforms, 2026 could be another damp squib for equities

ON SEVERAL OCCASIONS, India has faced economic, political, and strategic challenges while striving to protect its strategic autonomy and remain truly sovereign.

time to read

2 mins

January 05, 2026

Financial Express Mumbai

OPEC+ keeps output steady

OPEC+ KEPT OIL output unchanged on Sunday after a quick meeting that avoided discussion of the political crises affecting several of the producer group's members.

time to read

1 min

January 05, 2026

Financial Express Mumbai

Goyal to visit Brussels this week

With negotiations on the India-EU free trade agreement (FTA) in their final stages, Commerce and Industry Minister Piyush Goyal will visit Brussels this week for what could be the last round of meetings between the trade leadership of both sides ahead of the India-EU Summit later this month.

time to read

1 mins

January 05, 2026

Listen

Translate

Share

-
+

Change font size