In the interim budget, we saw a whopping 107 percent increase in budget allocations for agriculture so while that might just about continue, there are a lot of structural and legislative changes that we are expecting in today's Union Budget.

In terms of Essential Commodities Act, there is an expectation that it could be kept in abeyance for a few years or abolished only to be brought back in force in case of a natural calamity or a war or if production of a commodity goes down by nearly 10-15 percent so that would really open up the markets for the organised sector.

The other is replacing the Agricultural Produce Market Committee (APMC) with Agricultural Produce and Livestock Marketing (APLM). This would really change the way farmers sell or market their produce and the other, of course, is the National Agriculture Market or eNAM, which is expected to actually open up the markets, digitise it, get the Farmer Producer Organizations (FPOs) online and actually get the technology in case of the agriculture sector there.

The private sector investment in agriculture is something that has been negligible. The expectation is that one might be looking at incentivising so that we can actually see more increase into that.

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First Published:Jul 5, 2019 9:46 AM IST