Populist measures such as farm loan waivers will not solve the problems faced by farmers permanently, but cash transfers are a better solution, said IMF chief economist Gita Gopinath.
"There is a tremendous amount of distress in the agricultural sector and I believe that farm loan waivers don't solve the problem on any kind of permanent basis. We certainly need to need to work with our farmers by giving them better technology, better seeds," Gopinath told CNBC-TV18 on the sidelines of the World Economic Forum in Davos.
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