The Austerity Siren: India's Economic Reality Check As Prime Minister Narendra Modi urges Indians to cut fuel consumption and tighten their belts, it's clear that the country is facing a perfect storm of economic woes.
Beneath this crisis lies a more complex narrative – one that speaks to deeper structural issues afflicting India's economy.
Many Indians are skeptical of Modi's appeal for voluntary austerity, feeling they've already been doing their part in cutting back on discretionary spending.