Opinion | The political economy of the persistent agrarian crisis
Loan waivers and the promise to raise MSP cannot solve the problem
The victory of Congress party in the recent assembly elections of Chhattisgarh, Madhya Pradesh and Rajasthan has brought the agrarian crisis in rural areas to the centre of political debate. While there are several factors in election victories, the severity of the agrarian unrest was surely a major factor. While there is consensus that the incumbent Bharatiya Janata Party (BJP) has been indifferent to the agrarian crisis and in some ways even contributed to it, there are no easy solutions to the crisis. Even the victorious Congress party has also gone back to the same old formula of loan waivers and the promise to raise the minimum support price (MSP) of crops to win back the trust of the farming community.