Budget 2023: Can govt provide much-needed impetus to spur growth in agrarian sector?
Agriculture is the sunrise sector of India and employs the majority of the workforce and, for a variety of reasons, has dominated national policy and academic debate in recent years. However, the industry is still plagued by supply chain issues and a lack of adequate warehousing facilities. The Budget this year is expected to have a significant impact on the agriculture sector. The industry sought assistance from the government in the form of tax breaks and certification frameworks to boost industry advancement.
There are many lenses with this year's budget being viewed. With the growing startups in the country, various leaders from across segments of agriculture have their views. Following are the recommendations for the upcoming Union Budget 2023-24..