Reviving Indian agri-futures: Can Modi government take bold step to revive Vajpayee’s legacy?

In November 2017, prices of most of the major kharif crops crashed below their respective minimum support prices (MSPs), triggering farm distress. One of the many reasons for this is that our farmers’ planting decisions are based on last year’s prices rather than expected prices at the time of harvest. The signal of future prices is largely absent as agri-futures have been decimated by excessive controls and regulation as show, Ashok Gulati writes in The Financial Express.

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