
Minimum Support Price (MSP): Impact on Agricultural Production and Farmer Welfare, and the Case for Legal Guarantee
Introduction Agriculture remains the backbone of the Indian economy, providing livelihood to more than 50% of the population. In this context, the Minimum Support Price (MSP) plays a critical role in protecting farmers from market fluctuations and ensuring fair returns for their produce. Introduced as a policy mechanism to safeguard farmers against the vagaries of…