LUDHIANA, India: Tax overhauls and black market clampdowns have been touted as radical medicine to modernise India’s economy, but for small traders like Swarn Singh Darera, “Modinomics” has been a bitter pill to swallow.
At his factory in the northern Punjab city of Ludhiana, Sikh businessman Darera is keeping staff on for 12-hour shifts but only has enough work coming in to justify a third of that time.
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