The International Monetary Fund (IMF) backs the government’s decision to roll out farm laws saying that they will enhance rural growth. It also supported the farmers who are protesting the farm laws for the past 50 days. However, the world body has given a word of caution that the social safety net needs to be strengthened for those who could be affected by the farm laws.
If the lawmakers of Washington will finalise how the state’s economy will recover from the coronavirus pandemic, the farmer’s leaders and the Indian government will find ways to resolve the stir over the farm laws in their next round of talks. If made during the conversations, their decisions will surely shape the health of our agriculture and the country’s economy in the following years.
It all brings up a sharp question: would our political leaders infuse the economy with budgetary steps, or will they hasten to honestly shred spending in an impulsive experiment to level the yearly general budget due next month?