India: Government of India Issues Three Ordinances Ushering in Major Agricultural Market Reforms

On June 5, 2020, India’s Ministry of Law and Justice issued three ordinances that will liberate existing market restrictions, eliminate free trade barriers in agricultural production, and empower farmers to engage directly with potential buyers in advance of harvest. The ordinances follow a June 3, 2020 Union Cabinet announcement approving three policy resolutions to further reform domestic agricultural marketing systems to support farmer income. Previously, on May 15, 2020, Finance Minister Nirmala Sitharaman had announced major market reforms as part of the Special Economic Package to stimulate India’s agricultural sector in the post-COVID-19 economy.

India: Government of India Issues Three Ordinances Ushering in Major Agricultural Market Reforms