Determinants of farmers income and diversification in India
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Abstract
On 28th February,2016,thePrimeMinisterofIndiasetforththetargetof Doubling
newlineof Farmers Income (henceforth,DFI)bytheyear2022.Sinceitsannouncement,DFI
newlinehas becomeastatedpolicyobjectiveoftheGovernmentofIndia.Thisannouncement
newlinemarks amajorshiftinagriculturalpoliciesinthecountry,signifyingachangefromfarm
newlineoutput (tonnage)tofarmers livelihood/income.SinceIndia sindependencein1947,
newlineagricultural policiesoverthedecadeshavelargelybeenaimedatachievingfoodsecurity,
newlinea historicnecessityinaneconomysufferingchronicfood-shortage.TheGreenRevolu-
newlinetion, andallitsassociatedpoliciesandinstrumentswerefocusedonmeasuresthatwould
newlinedirectly orindirectlyhelpimprovecropyieldlevelsandhenceoutput.Byandlargethese
newlineoutput-focusedpolicieshavebeensuccessfulandthecountryistodaynet-surplusinma-
newlinejor staples.TherecentsweepingchangeinpolicyfocusfollowingthePrimeMinister s
newlineannouncementin2016has,notsurprisingly,attractedalotofpublicdebateandacademic
newlinescrutiny.Opinionshavebeendividedastothefeasibilityofachievingthistargetwithin
newlinethe specifiedtimeframe.