The Indian stock market has been under the arc lights since mid-May when the Congress’ coalition romped home with near-majority. Freed from the yoke of coalition governance with the Communists as partners, expectations regarding Manmohan Singh’s will to push ahead with critical policy reforms ran high. The radically reformist tone of the Economic Survey before the budget only stoked the fervid enthusiasm of the neophytes.
(This story appears in the 17 July, 2009 issue of Forbes India. To visit our Archives, click here.)
Sujoy, why are you forgetting the unstable political conditions of West Bengal (GNLF, Trinamool...) and the illogical statements made by the management to avoid auctions?
on Jul 19, 2009