As India faces record high temperatures, the threat of climate change looms large over the nation’s food security for its 1.4 billion people. The Union Budget 2024 provides an opportunity to revamp the agricultural sector, making it more resilient, sustainable, and farmer-centric. By embracing innovation and investing in future-oriented strategies, India can build a productive agricultural landscape that supports both its people and the global community.
In 2022, a nationwide heatwave devastated crops, significantly reducing wheat production. A 2023 World Bank report warns that India could lose up to 5% of its GDP by 2050 due to the impact of climate change on agriculture. Addressing this challenge requires a comprehensive approach, starting with significant investment in research and development of climate-resilient crop technologies. Budgetary allocations should focus on developing and distributing seeds that can withstand unpredictable weather patterns.
Research into drought-resistant varieties of staple crops like rice and wheat is critical. There is also an urgent need for dedicated mega missions on pulses and oilseeds to achieve self-sufficiency (atmanirbharta) within the next five years. Promoting organic and regenerative farming practices, such as crop rotation, mulching, and composting, can enhance soil health and water retention, making farms more resilient to droughts.
The 2024 budget must place farmers at the center of these initiatives, providing them with the tools and support needed to adapt to changing climate conditions. By investing in innovative agricultural practices and sustainable technologies, India can ensure food security for its population and contribute to global agricultural sustainability.