Question

Why is Indian government reluctant to revise MSP(minimum support price)

Answer 1

Hey hi..

The MSP, of course, has its uses—as is well known, more than half of the big jump in the country’s wheat production in the five years to 2013 was due to extra output in Madhya Pradesh (MP), and that was driven by MSPs and bonuses provided by the state. Farmers, across MP, devoted more acreage to wheat, reinvesting the increased earnings in improving productivity. Yet, the same impact is not evident elsewhere...

Hope it helps..❤