Is there is thing like loan waiver to the tune fo 72000 Crore in any Economy. It is a shame to the word economy! Just a precendent to 100Bn Indians that if you dont pay back the loans you have taken, one day or the other they will be waived off! What financial sense does it make.
Rather if for FM and PM were truly economist and wanted reforms, they could have very well spent 72000 Crs in upgrading the farm infrastrucutre, create real market for farmers, provide enough seed, fertilizer, water to them.
Congress govt. has given terrible blow to Indian economy, only coming election will tell how their populist schemes will not work!
