Agriculture is known to be one of the most important sectors of the Indian Economy. 18 percent of Gross Domestic Product (GDP) in India is attributed to its agriculture. As of 2018, agricultures provide employment to 50% of the country’s workforce. More than 50 % of the population is dependent on agriculture.
At such scenario, the farmers play a vital role in this country at this stage and they always were important in India’s economy. Yet the farmers in India have known to commit suicide at an alarming number due to various reasons, while the main reason is stated as farmers being indebted and unable to repay loans to the banks and private money lenders.
In Maharashtra alone, more than 60,000 suicides are known to have taken place as of 2018. The real figures of the farmer’s suicide rate in India is said to be higher than reported due to state manipulating the data.
There are also instances according to India’s National Crime Records Bureau (NCRB) and Central Government that the farming subsidies provided by Government went to producers and dealers of seeds and fertilizers from 1993 to 2018. Then there are reports of farmers relying on private money lenders for loans who would lend money at unreasonably high rates of interest and rely less often on banks. The farmers at this point also face harsh weather conditions like droughts or floods, lack of irrigation, low income, crop failures, and debt and family issues including health problems. One thing lets to another and some farmers, unfortunately, choose to commit suicide.
The government’s response to the farm crisis has also been named ineffective and flawed. Around the times of elections, the politicians also politicize the issues of farmers and the farmers are given loads of promises. But these farmers need stringent measures by the government; they deserve a deep-rooted study to the cause and solution of the current farm crisis which has been going on since the mid-90s.
The last thing the farmers need is the anti-farmer policies which the farmers and activists of India have said the farmers received/receive from the government. Also keeping in mind the equity and sustainability, no farmers should be left behind while decisions making by the government to eliminate the farm crisis and suicide by the farmers.
India is the 6th wealthiest country in the world as per the reports in 2018. India’s GDP is also known to be rising faster than most nations hence there is growth of economy in the country. Yet there is income inequality which makes the wealthy wealthier at a faster rate than the poor in the country. At such levels of wealth, the poor people and the suffering farmers need proper consideration by the government so that they can also grow along with the economy of the country.
Whether the government will be able to fulfill the needs of the neediest farmers with a well-organized technique is yet to be seen. To make the distressed farmers back to being hopeful and to see the growth of all farmers, rich and especially poor farmers, is yet to be seen. All farmers, with equality and equity, needs to become prosperous in order to be sufficient with their needs. The fate of the farmers in India is yet to be decided.