New Delhi: The umbrella body of Indian farmers, Samyukt Kisan Morcha (SKM), has strongly criticized the India–European Union Free Trade Agreement (FTA), calling it a “blueprint for economic colonisation” that will devastate farmers, cripple MSMEs, accelerate de-industrialisation and worsen unemployment.
According to Global Mirror, in a statement, the SKM rejected the government’s claims of growth and market access, warning that FTA represents a systematic corporate capture of India’s economy and a surrender of national economic sovereignty to European corporate interests.
Describing the deal as “disastrous for agriculture and industry alike,” SKM said it would hit small and marginal farmers the hardest, destroyng domestic manufacturing and jeopardize jobs. The farmers’ body demanded that Indian Prime Minister Narendra Modi explain why the agreement is being debated in the European Parliament but has not been subjected to discussion in the Indian Parliament.
According to Global Mirror, in a statement, the SKM rejected the government’s claims of growth and market access, warning that FTA represents a systematic corporate capture of India’s economy and a surrender of national economic sovereignty to European corporate interests.
Describing the deal as “disastrous for agriculture and industry alike,” SKM said it would hit small and marginal farmers the hardest, destroyng domestic manufacturing and jeopardize jobs. The farmers’ body demanded that Indian Prime Minister Narendra Modi explain why the agreement is being debated in the European Parliament but has not been subjected to discussion in the Indian Parliament.