View: Are vote fears keeping Modi from giving a bigger stimulus, and a few other critical questions

All of India’s fiscal stimuli so far add up to barely 2% of GDP. India cannot be as adventurous as the US or Japan, which have hard currencies and government borrowing rates close to zero. The BJP may fear that a big fiscal deficit will crush the rupee and cause an exodus of foreign portfolio investors. But the reality is something else.

from Economy-News-Economic Times https://ift.tt/3j6R2h6
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