-PTI
NEW DELHI: India needs to focus on resolution of farm distress rather than loan waivers which kill the credit culture, former RBI governor Raghuram Rajan said on Tuesday.
"First we need to worry about why people are so distressed and angry. There is a lot of agriculture distress. I personally believe that farm loan waivers are not the answers. But there are other answers," he said when asked about what should be the focus for the upcoming elections.
The other focus area should be creation of jobs which the people want, he said here at the launch of his book — ‘The Third Pillar – How Markets and the State leave the Community Behind’.
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