NCDEX VP Calls for Strengthening Agricultural Market in 2025 Budget

NCDEX's Vinit Sharma Highlights Need for Agricultural Market Reforms

In a recent statement to PTI, Vinit Sharma, Senior Vice President of the National Commodities Derivatives Exchange (NCDEX), emphasized the need for the government to prioritize the agricultural market in the upcoming Union Budget. This call to action aims to enhance risk management and compliance measures, ensuring a robust and resilient agricultural sector.

The Importance of Agricultural Market Strengthening

Sharma highlighted the significance of a strong agricultural market, stating that it is crucial for the overall economic stability of the country. He urged the government to reintroduce certain commodities and implement effective risk mitigants to prevent blanket bans that could harm the market.

Risk Management and Compliance Measures

The NCDEX Vice President stressed the importance of increasing risk management measures compared to previous standards. He suggested that compliance mitigants could play a vital role in safeguarding the agricultural market from potential disruptions.

VIDEO | Vinit Sharma, Senior Vice President of the National Commodities Derivatives Exchange (NCDEX), has urged the government to prioritize strengthening the agricultural market in the upcoming Union Budget.

"We are hopeful that we can get some of the commodities again… and… pic.twitter.com/FMEHXP4kU7

— Press Trust of India (@PTI_News) January 28, 2025

The Role of the Union Budget in Agricultural Market Enhancement

The upcoming Union Budget presents an opportunity for the government to address the needs of the agricultural sector. By prioritizing market strengthening, the government can ensure the stability and growth of this vital industry, benefiting farmers and consumers alike.

Vinit Sharma’s call for the government to prioritize the agricultural market in the Union Budget underscores the importance of a strong and resilient agricultural sector. By implementing effective risk management and compliance measures, the government can support the growth and stability of the market, ultimately benefiting the entire economy.