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Subscriber OnlyMarketsEconomicsDebt Woes Derail India’s Plan to Deliver Bigger Fiscal BoostIndia’s budget package has underwhelmed investors so farCredit rating downgrade looms as government debt risesPhotographer: Prashanth Vishwanathan/BloombergByAnirban Nag and Vrishti Beniwal+FollowMay 20, 2020, 3:03 AM UTCUpdated onMay 20, 2020, 12:18 PM UTCSupply Lines is a daily newsletter that tracks COVID-19’s impact on trade. Sign up here, and subscribe to our Covid-19 podcast for the latest news and analysis on the pandemic.On the night of May 12, India’s Prime Minister Narendra Modi set the nation of 1.3 billion people abuzz with promises of unleashing a massive stimulus to shore up an economy facing its deepest recession in decades.
