Commerce minister Piyush Goyal also shared this tale earlier this week that a US-India bilateral trade deal is set to be concluded by December this year.
Agriculture a serious issue for India, sliding protection a possibility, says economist Pravin Krishna
India's apprehensions regarding opening up the agriculture sector in bilateral trade deals are "important", and a sliding scale of protection--to be phased out over a time period--could be a possibility in negotiations with the US, said economist Pravin Krishna of Johns Hopkins University.
Krishna, a Chung Ju Yung Professor of International Economics and Business at Johns Hopkins University, who was in Delhi attending the Kautilya Economic Conclave, 2025, informed Fortune India that all countries, including India, have their issues on issues such as these.
"I do think India has a vulnerable agricultural sector. It is a big sector. A majority of the poor are dependent on the sector," Krishna explained to Fortune India.
"And agriculture is a very big worry for India. The issue is, how do we deal with this? How much do we safeguard the farmer?" said Krishna.
He proposes a sliding scale of protection purely for agriculture for a particular duration. "Should we have a sliding scale of protection where we sign the agreement now and say in the next 15 or 20 years, the sliding scale of protection could be removed incrementally. This way, everyone has time to adapt," he said in an interview with Fortune India.
"The second choice is to exclude agriculture entirely. And discuss everything else. So I believe, in the abstract, everything is available. So one can negotiate," Krishna added.
"So, how does one address that real, economic moral issue, while doing the other things, is a question which the government must consider," Krishna said.
India-US trade negotiations resumed after a temporary suspension due to the Trump administration's move to impose a 50% duty on Indian imports. This comprises 25% punitive tariffs for importing Russian oil.
The US is seeking access to India's dairy and agricultural markets, which is not acceptable to the Indian side. Formal negotiations derailed in August this year following the cancellation of a visit by a trade delegation in late August.
Expectations of breakthrough in trade negotiations between the trading partners brightened after Prime Minister Narendra Modi on Thursday greeted the U.S.-facilitated trade agreement between Israel and Hamas and had a call with U.S. President Donald Trump.
"Spoke to my friend, President Trump and congratulated him on the triumph of the historic Gaza peace plan. Also reviewed the satisfactory progress made in trade talks. Agreed to remain in close communication in the weeks ahead," Modi stated in an X post.
Earlier this week, Commerce Minister Piyush Goyal too has stated that US-India bilateral trade agreement is expected to be finalized by December this year.
How will credit structure and semesters change under ICAR reforms
On a broad restructuring by the Indian Council of Agricultural Research (ICAR), agricultural universities' credit and semester system will see a significant transformation to keep pace with the National Education Policy (NEP) 2020. The reforms will be implemented through the Sixth Deans' Committee, established in 2021, which has been assigned the task of redesigning course structures, credit weights, and academic streams for all undergraduate courses in agriculture and allied sciences.
Flexible Credit Framework
The ICAR credit system will incorporate NEP 2020's central principle of flexibility. Students shall be in a position to earn credits and transfer them from one institution or field of study to another through the Academic Bank of Credits. This implies that skills-based courseware, entrepreneurship courses, and internship courses will all have academic value. Credits will also be calibrated to enable experiential learning, internships, and innovation projects — the central areas for converting students from job seekers to job creators.
Multi-Exit and Re-Entry Options
Breaking with the classical fixed four-year framework, under the new regime, students will be able to enter and re-enter programs at several points. Students can earn a certificate after one year, a diploma after two, and a full degree after three or four years. The architecture is such that, in case students discontinue studies for personal or professional reasons, they can do so without loss of progress, capturing the spirit of NEP's focus on lifelong learning.
Outcome of the Reforms
The Sixth Deans' Committee visualizes graduates as technically competent, entrepreneurial, and world-class. Having uniform credit standards and flexible semesters, the new system is designed to enhance the Gross Enrolment Ratio in agricultural education while producing graduates more poised for agri-business, research, and innovation.