I don't know about the much about the economics, but at I think instead of giving 60,000 Crore Rs for farmers dept this government must have spent this money on building infrastructure for agriculture like dam, road to villages, pipeline connection to every village and electricity to every village, not only this year but every consistant year that are coming. This loan waiver skim is just a political gigmick and if they want to extract vote out of them then they also expect the negative fallout of it also. See, now karnataka is going to election and what congress is giving to the people (free Color TV, rice etc). This type of politics congress should avoid, but congress never learnt a lesson and so it is going to may the price for it.
