INDIA
ECONOMIC REFORMS LOSING FOCUS
CHIDAMBARAM MUST ENSURE QUALITY AND SPEED
2013-08-01 13:31
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The Prime Minister Dr Manmohan Singh’s assertion on Monday that “reforms need political backing to succeed’ has not come a day too soon as his own coalition government is hobbled by lack of political backing within his own alliance partners, leave aside bipartisan backing from political parties across the spectrum. With the economy into the crucial second quarter, the slowdown set in the inaugural year of the Twelfth Five Year Plan (2012-17), appears to be staying longer than forecast, if the latest reading of the situation by the RBI is any pointer.