Zee sahib: On monkey cops and loan write-offs

Zee sahib,

Re: 243

(So the commies whacking monkey cops by the dozens has had some effect. Good. Soon you'll have to write ALL of them off.)

The death of monkey cops had nothing to do with the write-offs. The killer of the monkey cops- the Naxals – have their support base among the poorest of poor tribals who have no access to any credit of any sort. So no bank loans to be written off either!!!

Re: 257

(the rural/agri growth is 2.6% for 70% of population, which after population growth of 1.4% leaves 1.2% to cover inflation, which is around 5%. Does it mean the vast majority of the entire population which is desperately poor is getting even poorer by 4% every year?)

I am surprised to see an economist make an elementary mistake like this. All growth figures are in real terms i.e. adjusted for inflation. Agri growth is indeed less than 3% but rural income include some non-agri income as well. Plus there is steady migration (year round or part of the year) to urban areas which relieves some amount of poverty. Having said that, it is true that growth is not inclusive and large masses of Injun population live in shameful levels of poverty.

Regards

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