In this Livemint article, Vivek Dehejia, Resident Senior Fellow at IDFC Institute, hopes the Modi government will choose to stay on the high road of fiscal consolidation rather than take the low road of fiscal profligacy.
He writes ''The consequences of considerable politically driven fiscal slippage will not be pretty to behold. For it is sure to unleash—and legitimately so—further monetary tightening to ensure that inflation stays on target, in order to counteract the putative inflationary impacts of a larger fiscal deficit."
Read the full aritcle here.
This article was republished on Stratfor here.