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Economy

India braces for farmer protests over Modi price 'betrayal'

Growers blast insufficient support while investors breathe easier over deficit

A farmer in India
A farmer gathers saplings to be planted in a paddy field in India's northeastern state of Assam. The support price for rice was raised 13%.   © Reuters

NEW DELHI -- Indian Prime Minister Narendra Modi's pre-election move this month to raise minimum prices for summer-sown crops has failed to impress farmers, who have revealed plans for nationwide protests.

The government's announcement of higher minimum support prices is a "blatant fraud" and "betrayal" of promises made to farmers, the All India Kisan Sangharsh Coordination Committee, an alliance of around 150 farmers' organizations, said in mid-July.

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