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India's brawl with debt vigilantes tells bigger story

Underlying cracks in the country's microeconomy are worrying foreign investors

| India
Narendra Modi addresses a public rally in Kolkata on Mar. 7: the Prime Minister's leadership gives debt-market skeptics ample ammunition.   © Hindustan Times/Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Indian strongman Narendra Modi is finally confronting a gang of detractors who will not be intimidated: bond traders.

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