Asia
Originally published on Tue June 12, 2012 5:44 pm
In Europe, the concept of austerity has meant deep, painful cuts to government spending. In India, however, austerity looks a little different.
India's government has started by reeling in departmental spending on things like hotel space and foreign travel. It may seem like window dressing, but it can be difficult to make deep spending cuts in that country. Many voters see government largesse as a right and usually applaud pork-barrel spending.
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