Stung by increasingly sharp criticism at home and abroad, the Indian government lat last week announced a raft of foreign direct investment reforms in supermarkets, airlines and other areas that ended three years of policy inertia. This followed a highly controversial decision to cut fuel subsidies, triggering a 12 percent increase in diesel retail prices and restrictions on the sale of cooking gas.
Manmohan Singh responds to critics with…
Stung by increasingly sharp criticism at home and abroad, the Indian government lat last week announced a raft of foreign direct investment reforms in supermarkets, airlines and other areas that ended three years of policy inertia. This followed a highly controversial decision to cut fuel subsidies, triggering a 12 percent increase in diesel retail prices and restrictions on the sale of cooking gas.
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