These more than 100,000 deaths are a tragic indictment of India’s economic “miracle,” and an embarrassment for a government eager to promote India’s image as an up-and-coming global economic and military power. While well intentioned, the new budget’s lavish loan forgiveness scheme will not help those farmers who most need relief: 80% of India’s farmers have no access to formal credit, and it is bank loans that are to be forgiven.