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In response to a tanking rupee, India's government has reinstated financial controls with little sign of loosening in sight.
Slowed growth and hobbled policymaking prompted S&P to warn that Indian paper may be relegated to junk-bond status if the government doesn't get its act together soon.
Dilip Gadkar, editor of Macro Viewpoints, argues that a global perspective must be reached in order to get a more complete—and more fair—assessment of corruption in India.
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