Monday, September 25, 2006

Slow down in Indian economic reforms?

Some of the recent happenings do lend a hand to the feeling that there is a pause in bringing about reforms in the Indian economy.

  1. Move to cut FDI in courier companies to 49% from the 100%.
  2. Move to impose an FDI cap in stock exchanges, which are not strategic in any sense. More so, when even Banks can have up to 74% FDI.
  3. Move to allow states to impose limits on holding of foodgrains and pulses.
  4. Threats by Chemicals Minister Mr. Ram Vilas Paswan to impose price control on most bulk drugs and pharmaceuticals.
  5. Move to block Chinese investors from investing in strategic sectors.