India needs Green Revolution 2.0 to make agri more climate-resistant: RBI

TIL Desk/Business/Mumbai/ India needs a second green revolution along with the next generation of reforms with a view to make agriculture more climate-resistant and environmentally sustainable, said an RBI article on farm sector challenges. Observing that Indian agriculture has exhibited remarkable resilience during the COVID-19 period, the article said “new emerging challenges warrant a second green revolution along with next-generation reforms”.

Despite the success in terms of production that has ensured food security in the country, food inflation and its volatility remain a challenge, which requires supply-side interventions such as higher public investment, storage infrastructure and promotion of food processing, said the article titled ‘Indian Agriculture: Achievements and Challenges’.

The article said Indian agriculture scaled new heights with record production of various foodgrains, commercial and horticultural crops, exhibiting resilience and ensuring food security during the COVID-19 period. “The sector, however, confronted various challenges, mitigation of which requires a holistic policy approach,” it said.