18-July-2024
Economy News
 
Crop MSP system discourages private investment, hits exports: SBI Research
10-Jul-2024

The government must intervene in the market when prices of agricultural commodities fall below the minimum support price (MSP) by directly compensating the differential between market prices and MSP to the farmers, a SBI research report has stated. The report identifies key shortcomings in the current MSP system, including its tendency to disincentivise private investment, narrow focus on specific crops, and negative impact on export competitiveness.

News Source:- https://www.financialexpress.com/india-news/crop-msp-system-discourages-private-investment-hits-exports-sbi-research/3548858/