Shumita Sharma Deveshwar

Director of India Research
+44 203 006 3102

Amitabh Dubey

Director of India Research
+91 99999 10781

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Recent India research

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India: The populist trap

Overview

The 10-17 per cent retail fuel price hike announced on 4 June is the action of a government that reckons on doing just enough to get through this election year without disaster. But from a financial market perspective, the government is skating on thin ice – especially as it has now abandoned its own fiscal rule.

Stuck in the populist hole of its own digging, the ruling Congress party’s fortunes are closely tied to the world oil price. The same goes for India’s financial markets...

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