Whenever the Chinese economy slows and its stocks take a serious hit, investors have come to expect the government to unleash large-scale fiscal and monetary stimulus. Another heaping spoonful of sugar may do more harm than good this time around, however. It’s time for the ailing market to take some medicine

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The fiscal stimulus injected in the Indian economy in the aftermath of the global financial crisis and India’s inability to withdraw it in timely manner drove India into vicious economic cycle during 2009 to 2013 with high fiscal deficit, slowing growth, sharp depreciation of the INR by 28% in 2013

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