Is the government merely clutching at straws? Or does it really have a larger economic plan to kick-start reform?
The political impasse at the Centre and the resultant policy logjam has halted investments, roiled the markets and depressed business confidence. It has led many investors to even question the India growth story.
Earlier this month, the Prime Minister made a belated, but much-needed promise to a group of business leaders that he planned to make amends after the elections are over. His comments have given rise to the expectation in some quarters that the government will finally press on the reform agenda.
(This story appears in the 03 February, 2012 issue of Forbes India. To visit our Archives, click here.)