Telangana CM backs digital innovation, says India must protect ‘Brand India’

India must broaden its focus beyond farming to enhance rural incomes, according to IFAD President Alvaro Lario. Many rural families depend on multiple income sources, as farming alone does not generate sufficient earnings. Lario highlighted that IFAD's new strategy will target poorer states, 112 aspirational districts, and regions facing climate shocks to reach three million rural households, or approximately 13 million people.

Climate adaptation is crucial, as water scarcity, extreme heat, and water stress are increasingly impacting farmers. India's implementation of rural programs often faces challenges, with extension of services being vital for success. Embedding the local private sector into these programs can quadruple income for small-scale farmers, as seen in an organic spice processing unit employing 5,500 small-scale farmers.

Rising global food prices, driven by conflicts in West Asia, higher fertiliser and fuel costs, and climate shocks, pose significant risks to farmers and consumers. Small-scale farmers' margins are already tight due to high input costs, which directly affect food prices. IFAD's impact assessments indicate that involving the private sector can significantly boost the income of small-scale farmers.