Eschew loan waivers that divert resources from much-needed investment in India, says a report prepared by 13 noted economists, including former RBI Governor Raghuram Rajan, which was released here on Friday.

Releasing the report titled "An Economic Strategy for India", Rajan said that farm loan waivers should not form part of election promises and that he has written to the Election Commission to put a bar on such a practice, which inhibits investment in the farm sector, as well as putting pressure on the finances of the concerned states.