Could Indian states face an economic crisis like Sri Lanka’s? ...Middle East

Reckless populist measures can, in the long run, potentially take some Indian states down the path of Sri Lanka, a country now roiled by its worst economic crisis.In 1991, it was India on the precipice due to fiscal imprudence, a deficit in the balance of payments, and excess reliance on imports, all building up to a crescendo amid the first Gulf War.It is now the island nation’s turn.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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