.............Potentially, there are two sources of grief for an economy—fiscal and monetary policy. Regarding fiscal policy, several or most observers (including the outgoing RBI governor, Dr Subbarao) agree that UPA-2 regime has been responsible for possibly the worst fiscal policy that India has endured, and I would hazard a guess that outside of Venezuela, possibly the worst fiscal policy of any modern economy. And the nightmare just does not end.........
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