..........We are worried that government paralysis will continue to act as a drag on investment spending and lead to a lower rate of growth. India faces numerous headwinds to growth, and the Reserve Bank of India (RBI) and the central government are at odds over economic policy. While RBI has room to stimulate the economy by cutting rates, we fear that profligate government spending will make it very hard for RBI to act decisively. Further, India remains ....................
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