Why debt-waivers are not the best solution to solve agrarian distress?

UPSC Mains General Studies Paper III Topic: Economy Around 52% of the farming households are in debt as per the NSSO Situation Assessment Survey of Agricultural Households (2013) with interest rates touching as high as 89-92% in some states. The quantum of debt has increased a lot, especially from informal credit sources. Rural agrarian distress has become the elephant in the room and is at the centre of the nationalRead More

Mint Rural Distress Index

Mint Rural Distress Index: The index provides equal weightage to fall in farm wage growth, which affects the purchasing power of agricultural labourers, and fall in tractor sales growth, a proxy for rural sentiment and demand.The index captures more than just a fall in agricultural production, which is only one aspect of the rural economy in India. Three components of Mint rural distress index are: Growth of farm output Rural wages TractorRead More