How can legal guarantee for Minimum Support Price (MSP) benefit farmers and GDP growth

1. **Price Stability:** A legal guarantee for Minimum Support Price (MSP) ensures farmers receive a fair price for their produce, providing them with stable income and reducing their dependency on middlemen. 2. **Income Security:** By securing a minimum price for their crops, farmers are protected from market fluctuations and can plan ahead with more financial security. This stability can improve farmers' livelihoods and overall well-being. 3. **Investment in Agriculture:** With the assurance of a minimum price, farmers are more likely to invest in modern agricultural practices, technologies, and inputs, ultimately leading to increased productivity and higher quality produce. 4. **GDP Growth:** Empowering farmers through a legal guarantee for MSP can lead to growth in the agricultural sector. As agriculture is a significant contributor to India's GDP, a boost in productivity and income for farmers can translate into increased GDP growth through higher agricultural output and overall economic development. By providing legal protection for MSP, the government can support farmers in improving their economic status and contribute to overall national economic growth.