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Post by confuzzled dude Wed Dec 14, 2016 7:31 pm

With indicators revealing a difficult end to Prime Minister Narendra Modi’s unprecedented cash clampdown, he’s turning to time-tested methods to cushion India’s economy.

Lawmakers last week cleared about 600 billion rupees ($9 billion) in additional spending for the year through March, which includes a 10 percent increase in a rural jobs program Modi once mocked. Recent growth has been slower than estimated and inflation slumped below the central bank’s target as Modi’s move dents demand.
https://www.bloomberg.com/news/articles/2016-12-12/modi-turns-to-old-tricks-as-cash-experiment-hurts-india-growth

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