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