The Economics of Millets in India

Abstract

The article presents a compelling argument for reevaluating the role of millet production in India's economy. Millet, with its historical significance dating back to ancient civilizations and its inherent environmental resilience, indeed offers a promising avenue for sustainable agriculture in regions with limited water resources. The fact that millets require minimal inputs underscores their potential as economically efficient crops. However, despite these advantages, millets have fallen into obscurity in the 21st century. Understanding the reasons behind this downtrend and analysing the potential for revitalizing millet production is crucial. The economic rationale presented in the article sheds light on the opportunities and scope for leveraging millets to drive economic development, particularly in the Indian context. By conducting a theoretical and economic analysis based on secondary data, the article aims to uncover the underlying economic dynamics of millet production. This analytical approach provides insights into the challenges and opportunities associated with reintegrating millets into India's agricultural landscape, the article highlights the importance of reassessing the role of millet production in India's economy. By recognizing the economic potential of millets and addressing the barriers to their cultivation and consumption, policymakers can harness this ancient grain to foster sustainable agricultural practices and drive economic development.