1. Punjab farmers are in the wrong
2. MSP procurement is highly lopsided, and the state's subsidies create deeper problems (remember seeing a map of the water intensity of rice/cane farming and Punjab was the absolute worst in the world)
3. Nonetheless, the angst is real...1/

..and despite being richer than average indian farmers, taken as a whole they are not rich or comfortable by any reasonable standards.
4. India's agri GDP per capita is 25% of India's overall GDP pc. If Punjab farmers make 2x that much, that's just 50% of a fairly low number. 2/

5. If mkt prices for your produce are such that on a total level even lesser than this can be supported ( fear is that expected mkt price < MSP), the solution will not be found *within* agriculture.
6 the scale of structural transformation this requires is mind-boggling. 3/

7. Something like 40% of India's population - 80% of farmer population - at a minimum will need to be shifted into productive non-farming activity over the next couple of decades. If still agri will need to be different nonetheless.

4/

8. That's 200 million+ individuals of working age, probably more. That's what we need to absorb in new non-farming employment.
9. We're unlikely to enter into a currency war in Asia and succeed.

The scale of this challenge should keep the whole of North block up at nights.
9/9