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MoF: Accept or reject, don't ignore
Financial Express Chennai
|June 29, 2025
Productivity per farmer/farm worker. 58% of the Indian population (as against 22% in China) depends on agriculture and agriculture-related activities.
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Hence, the productivity per farmer is very low in India, and the average farmer is not only poor but is also burdened by debt.
The way to accelerate productivity per farmer is to create non-farm jobs and to wean millions away from agriculture into non-farm jobs. However, because of high urban unemployment and the lamentable state of the manufacturing sector, that process has been in a start-stop mode; actually, there is data that in recent years labour has moved back to the agriculture sector.
Suggestion: Accelerate the growth rate and expansion of the manufacturing sector.
Agenda for deregulation to reduce compliance burdens esp. for industry
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