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Farmers' demands about MSP legislation will hit the economy hard

The Central government announces MSP for 22 crops every year which is aimed towards providing farmers a fair and competitive price for their crop produce.

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Farmers protest in New Delhi

Farmers protest in New Delhi

Farmers marched down the roads of the national capital opposing the three agricultural laws seeking a guarantee and a legislation on the Minimum Support Price (MSP). However, the Union government says that such a demand is impractical.

The Central government announces MSP for 22 crops every year which is aimed towards providing farmers a fair and competitive price for their crop produce. The big question that arises is as to why it is impractical to guarantee such a price. Responding to this question, economic experts say that this would increase the burden on the government's budget.

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