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India's economic policy gridlock can be solved with coordination

Fiscal and monetary authorities should not be working in opposing directions

| India
Narendra Modi appeared at a rally ahead of a BJP meeting in New Delhi on Jan. 16: The government is expected to keep its foot on the fiscal accelerator.   © Hindustan Times/Getty Images

Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."

As the government of Indian Prime Minister Narendra Modi prepares to unveil its next annual budget on Feb. 1, the nation's economy is being pulled in opposing directions.

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