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35 years of liberalisation: How the reforms bus bypassed India's farms

6 days ago 6

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Home / Specials / News / 35 years of liberalisation: How the reforms bus bypassed India's farms

Three decades after economic liberalisation, India's farm sector still faces deep structural constraints, from weak markets and investment to subsidy dependence and resistance to reform

agriculture

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While these reforms indirectly improved the terms of trade for agriculture, direct reforms were thwarted at the time by the minority government’s allies and the Opposition. (Photo: Reuters)

Sanjeeb Mukherjee New Delhi

9 min read

Last Updated :

Oct 01 2026 | 12:29 AM

IST

‘Charity by extortion,’ screamed a Business Standard editorial on August 7, 1991, after the P V Narasimha Rao government rolled back its decision to hike fertiliser prices by 40 per cent. The government had come under intense pressure from its allies and the Opposition.

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