Narendra Modi, India's prime minister, speaks during the 37th Singapore Lecture held at the Shangri-La Hotel in Singapore, on Monday, Nov. 23, 2015. Modi's government, which in February pushed back its deadline for fiscal consolidation by a year to March 2018, faces a higher wage bill just as a sluggish economy and dwindling asset sales are weighing on revenue. Photographer: Nicky Loh/Bloomberg via Getty Images
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