Context
A Supreme Court-appointed committee headed by Justice (retired) Nawab Singh has raised concerns over India's agrarian crisis, highlighting the need for legal sanctity to Minimum Support Prices (MSP) for farmers. While the committee’s observations are not binding, they are likely to influence ongoing Supreme Court hearings related to farmers' protests.
Q. India’s agricultural sector is grappling with a viability crisis that is deeply intertwined with environmental degradation and socio-economic challenges. Discuss the limitations of the Minimum Support Price (MSP) scheme in addressing these issues and suggest a comprehensive approach to reforming the agrarian economy.
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