印度农民债务问题
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财经观察:农民困境削弱莫迪对美贸易谈判筹码
Huan Qiu Shi Bao· 2025-11-03 22:55
Core Viewpoint - The article highlights the severe impact of heavy rainfall on India's agricultural output, leading to reduced crop quality and yields, which in turn has significantly decreased farmers' incomes and exacerbated their debt issues. This situation complicates the Indian government's ability to negotiate agricultural concessions with the United States amid ongoing trade talks [1][10]. Group 1: Agricultural Impact - Heavy rainfall in October has resulted in a significant decline in the quality and quantity of crops such as soybeans and cotton, with rainfall in September exceeding average levels by 15% to 115% in some areas [3][5]. - Farmers in Maharashtra expected yields of 10 to 12 quintals per acre of soybeans but are now only achieving 2 to 3 quintals, indicating a drastic reduction in expected harvests [5]. - The agricultural growth rate for the current quarter is projected to drop to between 3% and 3.5%, down from 6.6% in the same period last year [5]. Group 2: Debt and Financial Strain - Approximately half of Indian farmers are in debt, with an average debt of 74,000 rupees per household, primarily borrowed from large landowners at high interest rates [7][9]. - The high-interest loans, often reaching up to 30% annually, contribute to a cycle of debt that has led to a significant number of farmer suicides, with 10,786 recorded in 2023 [7]. - Farmers are increasingly resorting to pledging personal assets, such as gold jewelry, to manage their financial burdens [6][9]. Group 3: Trade Negotiations and Political Implications - The ongoing trade negotiations between India and the U.S. are heavily influenced by the plight of Indian farmers, as the Modi government faces pressure to protect agricultural interests amid demands for market access from the U.S. [10][12]. - The Indian government has maintained a firm stance against concessions that could negatively impact small farmers, emphasizing the importance of agricultural stability for political support [10][12]. - The U.S. has been pushing for reduced tariffs and market access for its agricultural products, which poses a challenge for the Indian government given the current agricultural crisis [10][12].