Yesterday state government in Madhya Pradesh has written off the loan of farmer. No one knows from where the money will come.
Most of the tax collected from people goes in giving salary.these populist step will deteriorate Indian economy. Already fiscal deficit in the state is very high.
Madhya Pradesh state of India has a loan of 200000 cr. However politician can take any step to win election even if Indian economy destroys and comes under heavy debt.
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