He made the assertion a day after US President Donald Trump announced an additional 25% tariff on Indian goods, on top of 25% already imposed, putting the country’s negotiators under pressure to lower tariffs on dairy and agricultural products and GM foods.
“I am aware that at a personal level I will have to pay a heavy price, but I am prepared for it. India is ready for its farmers, fishermen and cattle-rearers. We have been consistently working towards increasing the income of farmers, reducing the expenditure on farming and creating new sources of income,” Modi said in the capital on Thursday. “For us, the welfare of our farmers is the topmost priority. India will never compromise with the interests of its farmers, livestock-rearers and fisherfolk.”
ALSO READ: Indian FMCG giants mull new manufacturing units for exports to US as tariffs bite
His remarks, made at the MS Swaminathan Centenary International Conference, came against the backdrop of the additional Trump tariff that is to come into effect on August 27.
‘Focus on Nutritional Security’
Negotiators from both countries are expected to discuss the issues on August 25 as they seek to hammer out a bilateral trade agreement (BTA).For India, lowering tariffs on farm products, dairy and GM foods is a sensitive issue that would entail a political cost for any government. Unlike the US, where farmers have large land holdings and get substantial government subsidies, Indian agriculture primarily comprises subsistence farming. Maize, corn and soyabean growers would be the worst hit if India lowers tariffs.ALSO READ: US tariffs may cost India’s electronics sector up to $30 billion
“The government has always considered the strength of farmers as the foundation of national progress,” Modi said in his address.
He underlined the policies formulated by his government in the last decade for the welfare of farmers, saying these are also aimed at instilling confidence among them.
“India of the 21st century is engaged with all its might towards becoming developed and this target will be achieved with the contribution of all sections and all professions,” the Prime Minister said. “Taking inspiration from Dr Swaminathan, there is again an opportunity for the country’s scientists to create history.
The scientists of the previous generation ensured food security. Now there is a need to focus on nutritional security. We will have to increase the surplus of bio-fortified and nutrition-rich crops to improve the health of the people.”
Other steps include reducing the use of chemicals in agriculture and more promotion of natural farming.
Key schemes
Listing the measures taken by his government for farmers, livestock rearers and fisherfolk, the Prime Minister said the PM-Kisan Samman Nidhi has empowered small farmers through direct financial support, while the PM Fasal Bima Yojana has provided farmers with protection against agricultural risks. Challenges related to irrigation have been addressed through the PM Krishi Sinchai Yojana.
“Creation of 10,000 Farmer Producer Organisations (FPOs) has strengthened the collective power of small farmers,” Modi said. “Financial support to cooperatives and self-help groups has given fresh momentum to the rural economy.”
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