This is particularly so in our set up with the preponderance of small holdings, which are less amenable to mechanisation. Agricultural wages have shown a sustained increase since the mid-2000s. Even after accounting for inflation, real wage increase has been significantly positive. Non-agricultural wages too have shown similar increases in rural areas. There are several explanations why rural wages have increased.
Any benefits that might conceivably accrue to this action would likely be lost if implementation were significantly delayed, as private securitization activity would likely be inhibited in the interim.