There is an urgent need to devise the requisite policy strategies and measures to mobilise finance for climate change adaptation in Indian agriculture from private sources along with public sector sources.
The commodity futures trade has witnessed remarkable growth in India during the past two decades following the establishment of modern national multi-commodity exchanges with electronic platforms for online trading.
Telangana must incentivise production of oilseeds and pulses which are more environment-friendly and provide better returns.
The biggest concern for India and other developing countries is scaling up of climate finance for adopting transition pathways towards achieving net-zero emissions.
A unified, efficient market platform integrated with major mandis of the country, coupled with the onboarding of service providers and stakeholders of the agricultural commodity value chain, has the potential to boost farmers’ income by ensuring better crop prices through a transparent price discovery and quality certification. Such a platform can equally benefit the service providers, traders and others.
Indian agriculture has focused primarily on maximising crop output levels over the last six decades or so, with limited or negligible attention to post-harvest management. As a result, development of efficient value chains for agricultural commodities remains muted, while that for by-products and crop residue is nearly non-existent. Furthermore, with increased pressure on the land to produce more crops in a year, it has become a practice to treat crop residue as waste and burn it for quick disposal.