Indian Economy Nitin Singhania May 2026

Two years later, a neighbouring village couldn’t repay the grains they’d borrowed from Phoolpur’s buffer stock. The council wanted revenge. Meera opened Singhania’s chapter on Banking Reforms .

“This is a ,” she said. “Don’t write it off – restructure. Convert their debt into equity: they give us labour hours to build a school.” Indian Economy Nitin Singhania

The elders laughed. But Meera persisted. Two years later, a neighbouring village couldn’t repay

A team from the state planning board visited Phoolpur, amazed: zero farmer suicides, functional primary healthcare, and a village GDP growth of 11% for three years. Two years later