Minimum Support Prices for Agricultural Produce

The MSPs are announced by the GoI at the beginning of the sowing season for around 24 commodities so as to induce the farmers to make capital investment, adopt new technologies for crop improvement and so on. One could say that there is a remarkable oddity about India’s agricultural yields & the MSPs decided by Commission of Agricultural Costs & Prices but that’s always a part of the game, right?

In this story, we will track the development under the NDA govt. and try to understand the rationale behind the changing trends or prices & policies.