Diesel Hike and FDI Move Fuels Anger Across the Country

摘要

India's inability to push through major reforms and ease its subsidy burden has put it in danger of becoming the first of the big "BRICS" emerging economies to see its credit rating downgraded to junk. The government's decision to raise diesel prices by 14 percent, the first such move in 15 months, is aimed at shoring up a weak fiscal position, but it was swiftly rejected by the opposition and allies within the Congress party-led ruling coalition.