Tuesday, 25 April 2017

Waiving of farm loans to increase GDP deficit >> Get Free Stock Tips

The recent waiving of farmers' loans by state governments in India could increase the deficit by two per cent of the GDP if the practice is carried out nationwide. Commenting on the issue, Chief Economic Advisor Arvind Subramanian told the media, "We've had a spate of announcements recently about agricultural loans being waived off. You know these could cost, if it were to spread, these could cost something like two per cent of GDP, adding to the deficit." "If these things spread as it is possible.

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