Himanshi Sangtani, Manipal University Jaipur
Introduction
India being the second largest producer in the world, agriculture is the most important part of its economy. With 70% of the rural households of India depending on agriculture, it provides overall over 60% of total number of jobs available in India. In the year 2019-2020, this sector’s contribution to GDP stands at 16.5%, much higher than world’s average 6.4%.1
The agriculture sector in India has seen tremendous growth in past few decades but since the last few years, the growth is stagnant. In order to increase the growth of one of our most important sectors, the central government of India introduced three bills: Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Bill, 2020 and Essential Commodities (Amendment) Bill 2020 in the parliament on September 15, 2020 which after being passed by both the houses, got the consent of President on September 24, 2020. These bills became laws after been officially notified by the government on September 26, 2020.
