AGRARIAN DISTRESS

By 2010, India was feted globally to tide over the economic recession of 2008 smoothly. At the core of this achievement was retaining demands for consumption that sustained economic growth. Majority of these consumers are in rural India and most of them also depend on agriculture. This showed the criticality of rural India to the national economy. But, from the middle of the decade a deep agrarian crisis set in. It pushed some 440 million Indians into an economic abyss. This decade would be remembered for the meltdown of the rural economy while the formal economy as well floundered. India is about to enter into a critical phase.