Since the elections are declared in the country, the political parties have become more vocal in criticizing one another. If the ruling party focuses more on nationalism and strong government, the opposition parties are strongly supporting the farmers’ issues. The popular slogan by former Prime Minister Lal Bahadur Shastri -“Jai Jawan, Jai Kisan” goes well with the political mood prevailing at this point of time.
Showing a big heart the ruling government showered its bounty through releasing a sum of Rs 6,000 per year for their well-being. In this way, the idea of Jai Kisan gets nearly accomplished. However, this grand gesture by the ruling government, as the Congress party leader and Madhya Pradesh Chief Minister Kamal Nath thinks, is quite insufficient. Although, his party initiated some farmer-centric steps, yet could not get rid of the criticism. The politicians from the opposition parties are suddenly getting concerned about farmer’s miserable lives ahead of the general elections.
Undeniably, the tireless, humble farmers look at their fields’ overall output. Their net actual income from farming matters the most. But the drawback is that the growth in their nominal income does not match with their expectations. This fact remains quite an obstacle in their endeavor towards a better life.
So the farmer’s ordinary lives do not necessarily change at all. How could the farmers confront with the day to day challenges of everyday lives with such a meagre income? Certainly, the farmers’ income has fallen to a 14-year-low in the last quarter of October to December in the year 2018. The 2.04 percent ratio is the lowest for any quarter according to the data provided by the Central Statistics Office’s new 2011-12 base year series.
The analysts see the farm sector has not achieved the growth in gross value. It has been lower in nominal terms at current prices than in real terms. The output has also been subjected to the lowest in 11 quarters. The growth by just 2.04% is the lowest for any quarter and the worst since the minus 1.1% rate recorded in the last quarter of the year 2004 based on the then 1999-2000 GDP series. The last quarter of October to December of the year 2018 is the second consecutive quarter where growth in Gross Value Added from agriculture has been lower in nominal than in real terms. It means that farm production by itself during the last quarter was 2.67% higher than in the quarter October to December in the year 2017, the increase in current value terms has been only 2.04 % because of prices falling by 0.16 %. This is a classic decline in the general price level, which did not happen from January to March in the year 2016. That quarter saw an even lower 1.07 % real rise in farm sector production, yet growth in nominal terms was 7.94 % as produce prices rose by 6.79 % year-on-year.
However, this sparse benevolence, as the Congress party leader and Madhya Pradesh Chief Minister Kamal Nath thinks, is too little to swallow. His party initiated some farmers’ centric steps but not freed itself from criticism. There were some sorts of flaws which weaken the Congress position.
Undeniably, the tireless, humble farmers look at their fields’ overall output. Their net actual income from the farming matters most and they keep their eyes constantly pinched on this aspect. But the drawback is that the growth in their nominal income does not match with their expectations. This fact remains quite an obstacle in their endeavour for better living.
So the farmers’ ordinary lives do not necessarily change at all. How could the farmers confront with the severities of everyday lives in such a scant income? Today’s politicians are neither following Gandhian values nor showing empathy with Anna Hazare’s simple living too. Certainly, the farmers’ income has fallen to a 14-year-low in the last quarter of October to December in the year 2018. The 2.04 percent ratio is the lowest for any quarter according to the data provided by the Central Statistics Office’s new 2011-12 base year series.
The analysts say that the farm sector has not achieved the growth in gross value. It has been lower in nominal terms at current prices than in real terms. The output has also been subjected to the lowest in 11 quarters. The growth by just 2.04% is the lowest for any quarter and the worst since the minus 1.1% rate recorded in the last quarter of the year 2004 based on the then 1999-2000 GDP series. The last quarter of October to December of the year 2018 is the second consecutive quarter where growth in GVA from agriculture has been lower in nominal than in real terms. It means that farm production by itself during the last quarter was 2.67% higher than in the quarter October to December in the year 2017, the increase in current value terms has been only 2.04 % because of prices falling by 0.16 %. This is a classic decline in the general price level, which did not happen from January to March in the year 2016. That quarter saw an even lower 1.07 % real rise in farm sector production, yet growth in nominal terms was 7.94 % as produce prices rose by 6.79 %.
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