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Budget Expectation 2024-25: M Balakrishna

M Balakrishna - Vice President, Sales & After Sales, SDF India advocates for the budget 2024-25 must prioritize investments in rural infrastructure, particularly in irrigation systems and connectivity, access to credit facilities, and research and development in agricultural sciences.

KJ Staff
M Balakrishna - Vice President, Sales & After Sales, SDF
M Balakrishna - Vice President, Sales & After Sales, SDF

"As we approach the upcoming Indian government budget for 2024-2025, the focus on agriculture remains pivotal. Agriculture, being the backbone of our economy, demands robust initiatives to ensure sustainable growth and prosperity for our farmers. Key areas of concern include enhancing irrigation infrastructure, promoting organic farming practices, farm mechanization, and integrating advanced technology to boost productivity.

In recent years, the sector has faced challenges such as fluctuating market prices, climate change impacts, and rural distress. Therefore, the budget must prioritize investments in rural infrastructure, particularly in irrigation systems and connectivity, access to credit facilities, and research and development in agricultural sciences. Additionally, schemes that encourage crop diversification, improve market linkages, and provide timely agricultural subsidies are crucial.

Which are vital for improving farm productivity. Initiatives that promote mechanization through subsidies or incentives for purchasing modern agricultural equipment will be crucial in accelerating farm mechanization across the country. This will not only support the modernization drive but also enhance the overall efficiency and profitability of farming operations.

Moreover, the budget should aim to bolster food security measures while promoting agri-business opportunities and strengthening farmer-producer organizations. Emphasizing sustainable agricultural practices and incentivizing water management initiatives will also be essential in the upcoming fiscal year. By aligning policies that foster innovation and sustainable practices in agriculture, the government can empower farmers and propel India towards achieving greater food security and agricultural prosperity."

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