In recent times both BJP (around election time in UP and Maharashtra) and Congress (in Punjab, and now Rajasthan, MP and Chhattisgarh) have rushed to the fire of farmer wrath with wild schemes of bank loan waivers. This is, of course, a bad idea not just because it plays havoc with the banking culture (just as that of loan waivers for corporate defaulters does).
India’s record of reducing poverty pales in comparison to China, Brazil and Mexico. It needs to build social infrastructure capable of providing quality education, health, and nutrition to buck the trend.
Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh continue to lag behind the rest of the country in income and growth. Despite the success of these states on a few important fronts, where you live still determines how well you live.