Financial Insights

India will scrap three controversial farm laws, says Prime Minister Narendra Modi

Prime Minister Narendra Modi announced on Friday that India will abolish three laws that farmers have been protesting since last year.

He added that the government will begin a constitutional process in parliament later this month to abolish the law.

The reform would have cut off some of the rules that have protected Indian farmers for decades and exposed them to a highly competitive free market mechanism.

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