Budget Expectation 2024-25: Dr RR Burman

"As we strive to transform India into a developed nation and a leading agri-exporter, the upcoming budget is pivotal in setting the course for our agricultural future. In a changing climate, increasing investment in agricultural research and development (R&D) is crucial for developing resilient crop varieties and advanced farming techniques. This is not only vital for our internal food security but also positions India to become the global 'annadata'—the provider of food to the world. India should increase its investment in research and extension from 0.61% of its AgGDP to 3% by 2030 to achieve the goal of 2047."

"Massive planning and investment in agricultural infrastructure are needed now more than ever. We must focus on improving irrigation systems, enhancing market access, and strengthening cold storage facilities and digital marketing platforms. These efforts will connect farmers directly to markets, reducing intermediary roles and boosting their incomes. Empowering our farmers through education and training will enhance their knowledge of modern techniques, technology adoption, and business management, allowing them to make informed decisions."

"Encouraging agri-entrepreneurship will drive innovation through support for startups focusing on precision farming, agro-processing, and supply chain logistics. So, Agricultural Extension sector is also required investment form present 0.11% of Ag GDP to 5% in next 5 year. It is studied that, every rupee spent on research pays back Rs 13.85 and on extension, Rs 7.40. By concentrating on these areas in this budget, India can start towards significantly elevate its agricultural productivity and competitiveness on the global stage.”