Repeal Of Three Farm Laws: Costly Trade-Offs

The trade-off behind this decision seems to be made on two critical aspects. The first and the more obvious reason seems to be the real politic based reasons with elections in Punjab and UP round the corner. The second and more significant reason seems to be the scary disconnect that the protests had created between the people of Punjab and particularly the Sikh population and the government.

PM Modi said his govt has decided to repeal the three farm laws

Farm sector reform has been a political hot potato for government after government even with the clear understanding of the deep malaise and stagnancy that defines it. The political repercussions of touching APMCs with their immense clout, has not been lost on any party and that was the primary reason why for decades it was only lip service that was being provided. 

The very attempt to drag Indian agriculture away from the 20th century through the three farm laws indicated immense moral courage on the part of the government. It was never going to be an easy walk and the split from the Akali Dal, an all-weather friend was the first indication of it. Despite that, the government continued to expend enormous political capital on passing the laws which again spoke to the intention and the importance of the legislations.