Thousands of farmers have been protesting against agricultural laws for the past several weeks.
Gerry Rice, an IMF spokesman, said in Washington that new farm laws in India would reduce the role of middlemen and increase efficiency.
Gerry Rice, an IMF communications director (spokesman), said in Washington that the new laws would reduce the role of middlemen and increase efficiency. He said, “We believe that these three laws have the potential to represent the advancement of agricultural reforms in India.”
New laws will reduce the role of middlemen
Rice said, “These laws will give farmers a chance to make direct connections with buyers. This will reduce the role of middlemen, increase efficiency, which will help the farmers to get better price for their stems and will ultimately lead to the growth of the rural sector. He said that in the process, such arrangements should be made for the people whose jobs will go so that they can be accommodated in the job market.Also read- Market cap of BSE listed companies exceeds GDP of country, for the first time in a decade
Rice said that of course, the benefits of these reforms will depend on the effectiveness and timing of their implementation. Therefore, along with improvement, these issues also need attention.
Farmers are protesting against agricultural laws
Significantly, thousands of farmers have been protesting on the borders of Delhi for the past several weeks in protest against these three laws passed recently. Farmers allege that these laws will make the system of MSP system and will push the farmers towards corporate farming. However, the government is presenting these laws as major agricultural reforms.