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Farm Loan Waivers To Touch 2% Of GDP Before 2019 Polls

Farm Loan Waivers To Touch 2% Of GDP Before 2019 Polls

Monday, April 17, 2017, 5:12 PM

Within a fortnight of Uttar Pradesh's farm loan waiver and calls for the same in other states, a foreign brokerage today estimated the burden from such populist measures to touch 2% of GDP by the 2019 elections. They said the Yogi Adityanath government's debt waiver of $5 billion or 0.4% of the state GDP, will lead other states to follow suit.
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