Srinivas, Prakash and Sannagouda Patil are among the farmers who abandoned the crop, saying the low prices will not allow them to recover even their investment.
Describing the situation as a “classic negative supply shock,” the IMF chief warned that even under an optimistic peace scenario, global growth is likely to slow.
Neelkanth Mishra, the chief economist of Axis Bank and a member of the External Advisory Council to the Prime Minister, said it is essential to use energy "carefully" for future growth.