Post Independence, markets have failed Indian farmers (Devinder-Sharma Blog)

Devinder-Sharma published an article discussing how the government has failed those working in agriculture. The article quotes Sonny Perdue, the USDA Secretary, who said, “In America, the big get bigger and the small go out. I don’t think in America, (as) for any small business, we have a guaranteed income or guaranteed profitability.” But this is how markets operate. It pushes people away from agriculture primarily to provide cheap workforce for the industry. The big get bigger in the process and the small go out. For India, IFPRI has a similar proposition – ‘move up or move out’. For several decades, mainline economists in India had been arguing on similar lines.