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An Indian Express opinion piece argues that farm loan waivers do not solve agrarian distress, citing Punjab's pre-election promises to waive farmer loans and the 2008-09 UPA waiver that cost Rs 52,517 crore. It notes Punjab's agri-GDP growth has slowed sharply from Green Revolution levels.
Broad loan waivers in Indian states can lift rural incomes and feed demand for grain and oilseed meals, but the commentary suggests waivers are a temporary fix, so the price effect is limited.
indianexpress.comAshok Gulati, Ranjana RoyFeb 26, 2017After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
