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Expert view on Budget FY24-25: Agri modernizing, investment, employment

Expert view on Budget FY24–25: Agri modernizing, investment, and employment

The emphasis on modernizing the agricultural sector, including increased investments in upgraded storage, streamlined supply chains, and branding, is expected to boost Indian agriculture’s overall efficiency and competitiveness.

According to agricultural experts, this approach is intended to ensure farmers’ long-term prosperity and stimulate job creation.

“The focus on post-harvest activities and the promotion of private and public investments demonstrate a holistic approach to the agricultural sector’s development,” said Atul Garg, MD, GRM Overseas, adding that the expansion of the Nano DAP application and the Aatma Nirbhar Oilseeds Abhiyan will instill confidence, aligning with the company’s aspirations for a self-sufficient and thriving agricultural landscape.”

According to Anand Ramanathan, Partner and Consumer, Products, and Retail Sector Leader at Deloitte India, increasing dairy productivity and supporting seafood exports will create jobs in rural areas.

Also Read | Budget 2024: FM Sitharaman could significantly boost farm sector schemes

In her Budget speech, Finance Minister Nirmala Sitharaman stated that the government will encourage private and public investment in post-harvest activities such as aggregation, modern storage, efficient supply chains, primary and secondary processing, marketing, and branding to accelerate the sector’s growth.

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