There are protests, and calls for political action, over the plight of India's farmers at present--and the one important point we've got to get across to people is that India's farmers should be going bust because that's how economic development actually happens. People stop doing low productivity things like rain fed labour intensive agriculture and go off and do more productive things like working in factories or producing services. But they will preserve the activity as it is, a labour intensive and low productivity activity. As, again, Krugman has pointed out when average labour productivity anywhere is the same as that in the US then everyone will get paid US wages. Some 50% or so of Indians are involved in this low productivity agriculture and they've all got the vote.

Source: Forbes June 11, 2017 08:01 UTC