Eco Survey calls for policy shift to cut cereal output, boost pulses, oils

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Eco Survey calls for policy shift to cut cereal output, boost pulses, oils - Business Standard

Quick Summary:

The document outlined three key policy shifts needed - establishing market mechanisms for price risk hedging, preventing excessive fertiliser use, and discouraging production of water and power-intensive crops that are already in surplus.

The pre-budget document for the 2024-25 fiscal has suggested policy reforms to discourage overproduction of cereals while boosting output of pulses and edible oils, which the country currently imports to meet domestic shortages.

The Economic Survey 2024-25, tabled in Parliament on Friday, stressed that India's agriculture sector has "significant untapped growth potential" despite various growth initiatives.