New Delhi, February 04: Backing India's three farm laws passed by the Modi government, the Biden administration made a positive comment on farm laws saying "It welcomes steps that would improve the efficiency of India's markets and attract greater private sector investment."

 

 

 

In a statement released on Wednesday, the Biden administration said that it welcomes steps that would improve the efficiency of India’s markets and attract greater private sector investment.

 

 

Responding to a question on ongoing farmers' protests in India, the new Biden State Department said the US encourages that any differences between the parties be resolved through dialogue. "In general, the United States welcomes steps that would improve the efficiency of India's markets and attract greater private sector investment".

 

 

"We recognize that peaceful protests are a hallmark of any thriving democracy and note that the Indian Supreme Court has stated the same," the State Department spokesperson said. This comes amid when some foreign celebs attempted to peddle false propaganda against India by expressing their solidarity with a bunch of protestors.

 

 

Earlier, the International Monetary Fund (IMF) also praised the farm law stating India's new farm laws have the "potential to represent a significant step forward" for reforms in the agriculture sector.

 

 

"We believe the farm bills do have the potential to represent a significant step forward for agricultural reforms in India. The measures will enable farmers to directly contract with sellers, allow farmers to retain a greater share of the surplus by reducing the role of middlemen, enhance efficiency and support rural growth," IMF Communications Director Gerry Rice.