Contrary to what a recent article has claimed, the increase in FDI to India has, in fact, been in line with the historical trend and the previous UPA government is the one that deserves credit for decontrolling diesel prices.
Debt waivers are supposed to help farmers make agricultural investments, repay future debts and tackle any other situation. But the history of waivers in India tells a different tale.
The Modi government’s failure on crucial development fronts such as farmer incomes and job creation may hold the key in understanding the rapid shift in narrative from human development to nationalism.
Economists caution that the move could encourage indebted farmers not to repay loans, deepening malaise at public sector banks.