Indian Prime Minister Manmohan Singh's biggest opening to foreign companies since taking office in 2004 boosts odds of an expansionary budget in February to defuse populist opposition to the moves. Undermined by political allies that opposed his initiatives, and facing the weakest growth since the 2009 global recession, Singh this month took a page out of his two-decade old playbook. The former finance chief, who started dismantling regulations in the early 1990s, opened retail, aviation and energy markets to overseas investors and plans to head a new board that will approve major infrastructure projects. To cope with the political fallout, which has already included a national strike and...
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