Economy, asked by santhalingam2005, 2 months ago

Why does the Indian government believe in fixing the ‘support price’ for crops?Give reason.

Answers

Answered by sahibharika3630

2

MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years. ... The major objectives are to support the farmers from distress sales and to procure food grains for public distribution.

Answered by pooja9070

2

Explanation:

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices. ... MSP is price fixed by Government of India to protect the producer - farmers - against excessive fall in price during bumper production years.

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