agro farming sector Business

The BJP-led central government planned to widen the means in order to measure the earnings of farmers’ by calculating the income of cultivars in the financial year 2022-23. In the year 2016, the government had declared to double farmers’ income and to raise them by 100 percent in a span of six years, i.e. 2022-23. Given that raising agriculture GDP twice would need an extensive unparalleled growth rate of farm, the target astonished Indian economists completely. It is to be noted that GDP is the most commonly used measure of income which embodies the value of all goods and services generated by an economy. Though nearly half of the Indian population depends on agri-sector, its growth has remained submissive for the past five years, affecting the farm incomes proportionately. On this ground, the government has started pondering over the numbers and policy measures, and thus, has initiated stratagems to assess the change in the income of the farmers’, and consequently, the government will measure the gross total earnings of a farm-household on a base year of 2016-17.

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