Tightrope Act – India’s Modi seeks to balance populism and fiscal prudence as risks mount
Chaitanya Kalbag, Contributing writer Indian Prime Minister Narendra Modi likes taking big steps and does not shy away from wagering his political capital. But he squandered quite a bit of it with his November demonetization measures, which banned 500 and 1,000 rupee bank notes. Modi was widely expected to unveil bold new steps when…