Markets Will Punish India for Fiscal Excesses, Says Former Bank Governor
Subbarao, governor of the Reserve Bank of India. (Photographer: Kuni Takahashi/Bloomberg)

Markets Will Punish India for Fiscal Excesses, Says Former Bank Governor

(Bloomberg) -- Opinion is unanimous that India should spend its way out of the current crisis, but it’s the question of ‘how’ that divides the room. Former central bank governor Duvvuri Subbarao is...
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