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Why Debt Waivers are Likely to Hurt Indian Farmers in the Long Run

Why Debt Waivers are Likely to Hurt Indian Farmers in the Long Run

Almost all political parties contesting ongoing UP assembly elections have promised a debt waiver for small farmers. A wide range of statistics from farmer suicides allegedly caused by indebtedness to low productivity of Indian agriculture are cited as compelling reasons that warrant a political intervention in agricultural debt contracts.Unfortunately , very few people are asking the question: Why did the economic situation of farmers not improve even after a massive national level debt waiver …

Read more at: http://economictimes.indiatimes.com/articleshow/57461179.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Author: Prasanna Tantri, Senior Associate Director with the Centre for Analytical Finance at ISB

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