Indian Farm Acts 2020: Implications And Apprehensions

Abstract

Agriculture sector in India was for long in need of reforms in marketing, storage and the regulatory ecosystem. The policy makers, planners and the economists were raising their voices against the present system of regulations and restrictions from time to time. Some laws enacted in the fifties and sixties which had a relevance at that time had became obsolete and irrelevant and thus needed a change. At last the corona crisis came as a blessing for the farming community. During the first wave of Corona pandemic, the government of India came up with three ordinances which were later passed by the parliament of India within the prescribed deadline to become what are known as ‘Farm Acts 2020’. While some call these laws as ‘watershed moment’ for Indian agriculture which will facilitate, liberalize and empower the farming community; some call it as a ‘corporate sell out’ and termed them as barbaric. The present review article is an attempt to analyze the implication of these laws for the farming community and the apprehensions they have regarding the farm acts 2020.