This sounds good and sensible, the country is booming so they’re investing at the bottom. Fantastic.
“The Indian government is to cancel the entire debt of the country’s small farmers in a giant scheme that will cost 600bn rupees ($15bn; £7.6bn).The move is a centrepiece of India’s latest budget, with the government also increasing education spending by 20% and health funding by 15%.”
The next paragraph states…
“Widely seen as a populist budget ahead of elections due by May 2009, Delhi has also pledged to control food prices.”
A “populist budget”, imagine that; politicians trying to keep the majority of people happy. Maybe they could try that radical idea outside of India!