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Dire States: Does India Have A Hidden Debt Bubble?

The western state of Maharashtra, home of Mumbai and the biggest regional economy of India, announced this month that it will waive farmer loans worth 1,140 billion rupees, or nearly $18 billion. The June 12 measure will leave only 800 billion rupees, or about $12 billion, in the state’s coffers until the end of the […]

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blog Society

India’s Water Crisis Turning Brothers Into Enemies

MUMBAI — In the western state of Maharashtra, dozens of men, women and children surround a water tanker on the main road. They hold pitchers, buckets and other containers, and are trying to fill as many as they can. Renuka, 35, pushes her way to the top of the tanker and is able to fill her five pitchers. “I waited 15 days to get this much water. But how long will it last?” she says. “We haven’t had tap water for the last two years. Our ponds and wells have dried up. There’s no water at all.” Manohar was less […]

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