India faced with Rs 3.1 lakh crore farm loan waiver – 16 times 2017 budget for rural roads

India faced with Rs 3.1 lakh crore farm loan waiver – 16 times 2017 budget for rural roads

India faces a cumulative loan waiver of Rs 3.1 lakh crore, or 2.6 per cent of its GDP in 2016-17. A waiver of this scale could pay for the 2017 rural roads budget 16 times over or pay for 443,000 warehouses.

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