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Arun Jaitley: Investment to help farming in making it self-sufficient

Jaitley said with much lesser subsidies, a self-sufficient farmer would be able to better serve the cause of India's farm sector and the country

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Arun Jaitley/Agency Photo

Arun Jaitley/Agency Photo

Finance Minister Arun Jaitley on Tuesday said that investment, rather than subsidies, would make the country's agricultural sector self-sufficient since a model that relies indefinitely on subsidies can't be sustainable in the long run.

"India will continue to see a gradual blending of investment and subsidies. And hopefully one day... investment will prevail and therefore making the farmer more self-sustaining. I do hope that day is not really far off," he said at the launch of a book "Supporting Indian Farms the Smart Way". "To have a model which sustains indefinitely only on subsidies will not be a sustainable model. Investments will make the Indian farmers self-sufficient in the long run," he said.

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