IMF boost
   Date :29-Jan-2021

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WHILE projecting India’s growth at 11.5 per cent in 2021 as the country boosts its bid to reclaim the status of world’s fastest-growing economy, the International Monetary Fund (IMF) has also backed the three farm laws which are in the eye of a storm in the national capital.
 
IMF Chief Economist Ms. Gita Gopinath has said that the recently-enacted agriculture laws hold the potential to increase farmers’ income. The three farm laws enacted in September have been brought with the only idea of raising income of the farming community. It has provisions to remove middlemen and allow farmers to sell their produce anywhere in the country.
 
Yet one section of farmers from Punjab and nearby areas is adamant on repeal of the progressive reforms. That their agitation against the new farm laws was a handiwork of some vested interests has now become evident after the mayhem and vandalism in Delhi on Republic Day during the farm unions’ tractor parade. It is advised to the agitating farm unions to make sense of the situation and shed their rigidity, especially after the wholesome backing to the laws by the world’s top financial institution.