MSP AND IRRIGATION: KEY FACTORS FOR AGRICULTURAL DEVELOPMENT IN INDIA

Suneyana Sharma; Ashwani Kumar; Pranav Khosla

doi:10.29121/shodhkosh.v5.i3.2024.5596

Authors

Dr. Suneyana Sharma Assistant Professor, Department of Economics, Ram Lal Anand College, University of Delhi, India.
Ashwani Kumar Research Scholar, Department of Economics, Devi Ahilya Vishwavidyalaya, Indore (M.P.), India.
Pranav Khosla Student, Bachelor of Political Science (HONS.), Ram Lal Anand College, University of Delhi

DOI:

https://doi.org/10.29121/shodhkosh.v5.i3.2024.5596

Keywords:

Agricultural Productivity, Minimum Support Price (Msp), Irrigation Infrastructure, Economic Development, Food Security, Sustainable Development

Abstract [English]

Agricultural productivity is pivotal to India's economic development, necessitating a thorough investigation into its interplay with the Minimum Support Price (MSP) policy and irrigation infrastructure. This research focuses on three primary objectives: assessing the impact of MSP on agricultural productivity, exploring the relationship between irrigation facilities and productivity, and analyzing how MSP influences agricultural output. The findings indicate that MSP increases have been positively linked to higher wheat and paddy production, spurring both cultivation expansion and the modernization of farming practices to meet market demand and ensure food security. The MSP policy stands out as a key economic incentive, offering farmers income stability and boosting productivity when paired with effective irrigation systems.

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