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LATEST NEWS UPDATES | Mint index of rural distress shows deepening crisis in villages -Roshan Kishore

Mint index of rural distress shows deepening crisis in villages -Roshan Kishore

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published Published on Apr 23, 2015   modified Modified on Apr 23, 2015
-Livemint

If the IMD forecast of below normal monsoon comes true, the Mint index of rural distress is likely to rise to its decadal high

Indian farmers are trapped in a new cycle of distress, and the first monsoon forecast by the India Meteorological Department (IMD) released on Wednesday indicates the rains could play truant for the second year in a row.

A Mint index of rural distress—based on the growth of farm output, rural wages and tractor sales—has been rising over the past few quarters, and is a hair’s breadth away from its four-year peak. If the prediction of below-normal monsoon comes true, the Mint index of rural distress is likely to rise to its decadal high.

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Livemint, 23 April, 2015, http://www.livemint.com/Opinion/jUolETP4DlwwW4gpFjaGhO/Mint-index-of-rural-distress-shows-deepening-crisis-in-villa.html


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