Photo Credit: Debt Slayer

This is some interesting populist politics. The Indian government has just announced that it will be cancelling all farmer debt by the beginning of next year, at a cost of $15bn. Predictably, this spike in rural funding comes before an election year, and 70% of Indians live in rural areas. Also, the government has pledged to keep food prices under control because, well, many Indians are having a hard time affording it.

So what to think of this? ... read more »

Raj's blog | 1 comment | email this page

Posted on 29 February, 2008 - 16:29