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India2023-02en

NEW FARM ACTS UNDERSTANDING THE IMPLICATIONS

Summary

Despite historical and long overdue acclaim for new farm acts aimed at agricultural reform, significant protests and apprehensions emerged from farmers and stakeholders regarding their impact. This document from NITI Aayog analyzes the context and reasons for the three new farm acts, enacted in September 2020 by the Indian government, which seek to liberalize agricultural markets, promote contract farming, and boost investment. The status is ongoing, with the paper attempting to address concerns and facilitate understanding for implementation amidst persistent public opposition.

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