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Indian economy will face crisis if there is law on MSP, says member of Supreme Court-appointed panel

New Delhi [India]: Indian economy will face a crisis if a law is made for guaranteeing minimum support price (MSP) for crops, Anil Ghanwat, a member of the Supreme Court-appointed committee on farm laws, said on Monday.His remarks came amid demands by protesting farmers for legislation on MSP even as they have hailed the decision for withdrawal of three farm laws. “If there is going to be a law (on MSP), we (India) will face a crisis. With the law, if the (procurement) process goes down someday, no one will be able to buy the produce as procuring it at a price lower than the MSP will be illegal and they (traders) will be put in jails for it,” Ghanwat told ANI.Ghanwat, who is president of Shetkari Sangathan, said both the central government and the farmer leaders should think of some other way to…

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