N. Chandrasekhara Rao from the Institute of Economic Growth, Delhi discussed
the impact of biotechnology on farmers' welfare and poverty reduction in his
paper published in the Agricultural Economics Research Review.
"The peer-reviewed research findings suggest higher yields, higher net
income and lower chemical use with conservation tillage. The most recent
meta-analysis estimated 22% yield gain associated with 39% reduction in
plant protection expenditure and 68% higher net income. The longitudinal
studies have shown that cultivation of these crops over the past 19 years
has resulted in gains of 150 billion US Dollars to world agriculture.
However, weeds developing resistance in some countries and pink bollworm
becoming resistant to Bollgard II in India underline the need to combine
agronomic measures for an effective pest management," Rao discussed in his
He also outlined a policy framework for biosafety, labeling, and
transboundary movement in accordance with the Cartagena Protocol.