India Sends Up the Monetary Helicopters
Indian Air Force Mil Mi-17 helicopters carry an Indian national flag during a flypast at the opening ceremony of the Aero India air show at Air Force Station Yelahanka in Bengaluru, India. (Photographer: Dhiraj Singh/Bloomberg)

India Sends Up the Monetary Helicopters

(Bloomberg Opinion) -- India is making a second big fiscal gamble. The first – a switch from sales to consumption taxes – has failed to achieve revenue targets. The government, which two months ago...
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