Farmers victorious but to continue protests until formal repeal; agritech players look at contract losses, higher prices
Farmers celebrate at Singhu border, Delhi after India's Prime Minister announced to repeal three agricultural reform laws that sparked more than a year of protests by farmers across the country on November 19, 2021.
Image: XAVIER GALIANA/AFP via Getty Images
Prime Minister Narendra Modi on Friday morning announced that the three farm laws, which have been a point of contention between the farmers and the Centre for more than a year, will be repealed.
“Despite our best intention to support our farmers, especially the small farmers, we could not take them into confidence. I apologise to our fellow citizens. The Union government has decided to repeal all three farm laws,” Modi said in a televised address to the nation ahead of the elections in states like Uttar Pradesh and Punjab where the protests have been most dominant.