Home breadcru News breadcru Policy breadcru  | Indian farmers' push for MSP legalisation sparks WTO legal concerns

Prime Content | 
Indian farmers' push for MSP legalisation sparks WTO legal concerns

21 Feb '24
6 min read
Pic: Adobe Stock
Pic: Adobe Stock

Insights

  • Indian farmers have been demanding an exit from WTO as the policies restrict the nation's ability to legalise important price support policies like the MSP.
  • Such kind of price support is instrumental for the country to give financial security to the nation's agrarian economy which is marred by a lot of uncertainties affecting its profitability.

Farmers&#**; woes

Agriculture is one of the primary employers of people in India. According to a report by Niti Aayog, around **.* per cent of the labour force is involved in the agriculture sector, demonstrating the sector&#**;s importance for the country. As India still identifies itself as an agrarian nation, the sector and its labour force hold immense importance.

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