What's Happening?
As the Union Budget 2026 approaches, experts anticipate a shift in India's agricultural policy, positioning the sector as a key driver of economic growth. The budget is expected to focus on productivity and income growth, moving away from a welfare-centric
approach. Key areas of focus include climate resilience, market access, and modern farming practices. The budget aims to address structural challenges and enhance the sector's contribution to the economy, with a particular emphasis on supporting smallholders and integrating agriculture with climate action plans.
Why It's Important?
Recasting agriculture as a growth engine could have significant implications for India's economy, given the sector's role as a major employer. By focusing on productivity and sustainability, the budget could help address longstanding challenges and improve the livelihoods of millions of farmers. The emphasis on climate-smart agriculture also reflects the growing importance of environmental considerations in economic planning. This approach could enhance India's food security, boost exports, and contribute to broader economic development goals.
