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Debt Trap

KEY TRENDS  • The NSS 59th Round (January-December 2003) had found that 48.6% farmer households were indebted while the NSS 70th Round (January-December 2013) has observed that 52% of India's agricultural households were indebted in July, 2012-June, 2013 $   • A similar survey on rural indebtedness by the NSSO in 1991 found indebtedness among only 26% of farmers $   • On an average, the amount of debt per farmer household was Rs. 12,585 during NSS...

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Utsa Patnaik, Professor of Economics, speaks to the Hindu

‘No mechanism to protect the poor’ IN a period characterised by all-round price rise, the issue of food security assumes extreme significance, especially for the rural and urban poor. At a time when the need for a universal public distribution system is increasingly felt, the government’s categorisation of a very small percentage of the people as being below the poverty line and eligible for rations has invited a lot of...

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