Budget 2016: This year, one of the loudest calls for attention in the Budget will be from the rural sector, specifically agriculture, which has been reeling after three consecutive weather shocks and policy inattention for even longer. India’s farm economy has been crying for a holistic, structural approach for long, where resources, reforms and implementation go hand in hand to ensure long-term rural prosperity. In fiscals 2015 and 2016, India managed to put a lid on food inflation despite monsoon failure because of the steep fall in global food prices and proactive steps taken by the government. But repeating this feat every year is not possible without structural improvements. That's...
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