Photo: HTThe story of pulses from last year is a stark illustration of what ails agriculture policy. Due to the misfortune of pulses prices this year, we can be sure that its acreage will fall drastically, and we may have a shortage and high prices next year. This is an example of the inherent urban bias in India’s agriculture policy, which persists to this day. Indeed, among all World Trade Organization members, India is among a handful of countries with negative protection of agriculture. Lastly, one more policy lesson is that pulses continue to be in the Agriculture Produce Marketing Committee (APMC) Act.

Source: Mint December 12, 2017 17:37 UTC