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comment by cgod
cgod  ·  4587 days ago  ·  link  ·    ·  parent  ·  post: India to Cut Capital Gains Tax
You think? Singh came into office a firebrand of progressive reform with a market capitalist outlook. India saw really terrific growth over those years. The past few years his administration has lacked the will or desire to push any significant reforms to the economy, even thou there seems to be plenty of low hanging fruit. When faced with populist a populist outcry, like over the decision to allow foreign supermarket chains, he has caved to the isolationist position. I'd say that the Indian government is generally looked on as moribund right now, incapable of making big changes or taking big decisions. A general embrace of Nehruism, closed economics, nationalism, populism seems to rather be the order of the day.