Experts give mixed reactions over repealing of farm laws

PM Modi recently announced the withdrawal of farm law

Pradeep Multani, President, PHD Chamber of Commerce and Industry, has appreciated the decision to withdraw three farm laws by the Prime Minister. The decision on this auspicious day of Gurpurab highlights the commitment and dedication of the Government to the welfare of countrymen in an adequate democratic way.

The decision to form a committee to address the farm issues would go a long way to identify the actual pain points of the farmers and help the government to make adequate farm policy to enhance the income level of the farmers, particularly the marginal farmers which are 80 per cent of the total farmers and hold less than 2 hectares of land. PHD Chamber looks forward to a great policy environment, which is for the benefit of every segment of the society and intends to make India a $5 trillion economy in the coming times.

DRE Reddy, CEO and Managing Partner, CRCL said, “While it is good that the PM has announced the repeal of farm laws by empathising with the protesting farmers, in the same tempo, the government has to look at drastic reforms in the farm sector through inclusive participation of all stakeholders with the sole objective of ensuring right kind of gains for the farmers which should motivate more farming activity besides eliminating middlemen that can benefit the common man in the form of lesser prices of commodities. 60-70 per cent of our population are making a lively hood out of farming, contributing 20 per cent to GDP which needs immediate attention through inclusive decision making.”