India says on track to doubling farmers’ income

India is aggressively pursuing a set of measures that will help it to achieve its goal of doubling farmers’ income by 2022, the annual Economic Survey said on Thursday.

That includes not only improving crop and livestock productivity, but also greater efficiency in use of resources like water, increase in cropping intensity as well as shifting towards more high-value crops as opposed to traditional grain crops.

Towards this end, the government has already increased the minimum support price for major crops by one-and-a-half times the cost of production, said the survey that was unveiled a day before the annual budget of the government.

It is not only encouraging contract farming, but also upgrading rural market places as hubs for direct purchase of agriculture goods from farmers, the survey said.

Besides, it is also increasing the net of social security for small and marginal  farmers by providing a central government-sponsored pension scheme, it added.

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