Many families will instead resort to taking out loans at high interest rates in order to survive, while others will fall deeper into debt and end up trapped in bonded labour – India’s most prevalent form of modern slavery – according to activists.
India identified at least 135,000 bonded workers in its 2011 census, while the Australian charity Walk Free Foundation put the number at eight million in its 2018 Global Slavery Index.
Dear latecomers: this is a problem, a sin everywhere and at any interest rates. Thanks for siding with the good people in India, but you could have looked around and US or European town for the same or worse. Jubilee!