ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Are Loan Waivers a Panacea for Rural Distress?

Small and marginal farmers are not the real beneficiaries of loan waivers. In the year following loan waivers, small farmers lose out on three counts: lower access to formal loans, falling agricultural revenue because of higher informal loan costs, and falling agricultural productivity. Instead, supply-side interventions could make a real difference in farmers’ lives as a long-term alternative to loan waivers.

How Promising Is BIMSTEC?

In this article we attempt to determine to what extent the Bay of Bengal Initiative for Multisectoral Technical and Economic Cooperation economies are ready to form a free trade area. The present analysis suggests that the BIMSTEC region has many characteristics that would be desirable for an FTA. We base our analysis on a few criteria such as price, income, geographical characteristics and trade. In general, we find there are favourable indications for the BIMSTEC economies to enter into a successful regional trade agreement. Forming an FTA would be expected to create relative advantage for the member countries.

An Analysis of India's Exports during the 1990s

This paper has two broad objectives: First, identify a set of factors that appear to be responsible for a significant decline in India's export growth during the post-reform era, and second, an examination of the possible impediments for high export growth in a sustained manner. The decline in Indian exports during 1996-97 was due mainly to a fall in the growth rate of export volumes. This analysis brings out the nature of demand-side factors, as against supply-side bottlenecks, that have constricted the growth of exports. However, easing of supplyside constraints too would have aided the revival of export growth.
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