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Farm loan waivers can derail India's growth story

Friday, January 4, 2019, 7:14 PM

India's agricultural economy witnessed significant changes during the post reforms period, many of which were positive, but some were negative. Income-of-farmers could not keep pace with their aspirations and fast growth in income of non-farm workers. Agricultural prices became highly volatile, at times falling too low, and at other times going very high. All these factors shifted discourse on agriculture from "development" to "distress".

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