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Weather gods, indebted farmers and Modi's demonetisation

It will be clear only after post-harvest production figures come, whether the farmer has lost or won by the govt's demonetisation move

Sai Manish 

The outstanding credit statistics released by the Reserve Bank of India (RBI) reveal several interesting facts. Credit in rural India continued to increase at a faster pace than urban India between 2014 to 2016. This growth has come even as overall credit growth was lower than in 2014-15. Tamil Nadu and Maharashtra continue to be the engines of credit growth of the country. The total amount owed by rural India to scheduled banks is now more than Rs 42 lakh crore. “What will be important to look at is whether (or not) these small loans are being taken for consumption and meeting ...

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Weather gods, indebted farmers and Modi's demonetisation

It will be clear only after post-harvest production figures come, whether the farmer has lost or won by the govt's demonetisation move

It will be clear only after post-harvest production figures come, whether the farmer has lost or won by the govt's demonetisation move The outstanding credit statistics released by the Reserve Bank of India (RBI) reveal several interesting facts. Credit in rural India continued to increase at a faster pace than urban India between 2014 to 2016. This growth has come even as overall credit growth was lower than in 2014-15. Tamil Nadu and Maharashtra continue to be the engines of credit growth of the country. The total amount owed by rural India to scheduled banks is now more than Rs 42 lakh crore. “What will be important to look at is whether (or not) these small loans are being taken for consumption and meeting ... image
Business Standard
177 22

Weather gods, indebted farmers and Modi's demonetisation

It will be clear only after post-harvest production figures come, whether the farmer has lost or won by the govt's demonetisation move

The outstanding credit statistics released by the Reserve Bank of India (RBI) reveal several interesting facts. Credit in rural India continued to increase at a faster pace than urban India between 2014 to 2016. This growth has come even as overall credit growth was lower than in 2014-15. Tamil Nadu and Maharashtra continue to be the engines of credit growth of the country. The total amount owed by rural India to scheduled banks is now more than Rs 42 lakh crore. “What will be important to look at is whether (or not) these small loans are being taken for consumption and meeting ...

image
Business Standard
177 22