Effect of COVID-19 on Indian Agricultural System: A 10-Point Strategy for Post-Pandemic Recovery
8 Pages Posted: 12 Oct 2020
Date Written: October 10, 2020
COVID-19 pandemic has disrupted the Indian agricultural system extensively. Nevertheless, the recent quarterly GDP estimates showcases robustness and resilience of Indian agriculture, the only sector to register a positive growth of 3.4%. In the paper, we aim to synthesize the early evidence of COVID-19 effect on Indian agricultural system viz., production, marketing and consumption followed by a set of potential strategies to recover and prosper post-pandemic. Survey findings indicate that the pandemic has affected production and marketing through labor and logistical constraints; while negative income shock, restricted access to markets and increased prices of food commodities affected the consumption pattern. The pandemic wreaked a substantial physical, social, economic and emotional havoc on all the stakeholders of Indian agricultural system. Seizing the crisis as an opportunity, the state announced a slew of measures and long-pending reforms. We draw a 10-point strategy ranging from social safety nets, family farming, monetizing buffer stock, staggered procurement to secondary agriculture to revive and prosper post-pandemic.
Keywords: COVID-19, agricultural system, food system, impact, 10-point strategy
JEL Classification: E31, Q11, Q18, Q13
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