汇丰银行-印度农村经济-india’s rural distress puzzle where from,where to-20170710-hsbc.pdfVIP

Flashnote 10 July 2017   India’s rural distress puzzle ECONOMICS INDIA Where from, where to?  Puzzling data from rural India points at both revival and distress Pranjul Bhandari Chief India Economist  We find that the ‘landless’ may be doing better than before but HSBC Securities and Capital Markets (India) Private Limited the ‘landed’ are worse off, thanks to a rise in real indebtedness pranjul.bhandari@hsbc.co.in +91 22 2268 1841  To improve their lot sustainably, inflation targeting must be Aayushi Chaudhary Economist accompanied by agriculture reforms that raise productivity HSBC Securities and Capital Markets (India) Private Limited aayushi.b.chaudhary@hsbc.co.in +91 22 2268 2761 Dhiraj Nim Stray reforms do not pack a punch Economics As