India’s agriculture laws have potential to increase farm income, says Gita Gopinath

International Monetary Fund (IMF) Chief Economist Gita Gopinath has said that the three farm laws introduced by the Centre have the potential to increase farmers’ income.

While Gopinath agreed that agriculture is one of the areas where India needs holistic reforms and backed the recent farm laws, she added that there is a need to provide social safety to the farmers as well.

When asked about the reforms, Gopinath said these laws will help widen the market for farmers and allow them to sell to multiple outlets besides the Mandis without having to pay tax. “And this had the potential to raise, in our view, farmers’ incomes,” Gopinath told news agency PTI.