How loan waivers are being used as a poll plank for 2019

Farm loan waivers are being used by all political parties to capture votes. Rather than focusing on long term measures, politicians are relying on populist measures. The issue has triggered competitive populism among parties with BJP ruled states also announcing farm loan waivers. Congress is on a high after having waived off loans in Chhattisgarh, Madhya Pradesh and Rajasthan. It is good politics but bad economics. Also, the loan waivers will be followed by a tedious and lengthy process to translate into any real benefit for the farmers. Watch Rajeev Dubey, Editor, BusinessToday.in explain what loan waivers will mean in the long run for the economy