Simple rule why Modi govt is unlikely to rollback farm laws and may choose middle path of giving concessions to farm lobby,
These farm laws have started helping farmers in multiple states. Anecdotal evidence suggests that mandi volumes are decreasing. 1/n

Farmers are already benefitting in terms of prices they get as private players are buying outside APMCs. Taxes saved due to out of APMC trades leads to some more price benefit being passed to farmers.

So rolling back the farm bills could actually cost votes to Modi govt. 2/n

And electoral cost is something which no political party or leader will unnecessary pay.
Why pander to protesting farmers who are unlikely to vote for you (in Punjab) and unnecessarily antagonize farmers who are your base.
This is a no brainer. 3/n

Having said that some concessions may be given to protesting farmers just to mollify them and to be seen as fair. Which is perfect as discussions need to yield middle ground.
However if the protestors stick to scrapping farm laws, they wont get anything.
n/n