The Indian market

This refers to the report, ‘India’s stalled economic reforms’ (KT, June 25).

By Ramachandran Nair, Oman

Published: Thu 28 Jun 2012, 9:11 PM

Last updated: Tue 7 Apr 2015, 12:44 PM

It is a reality that the government is lacking a political consensus over several issues. The fact is that the current economic trend is not as healthy, as the currency value has gone down. The economy appears to be in a bad shape, especially the domestic scenario.

Issues such as Eurozone and the fears of downgrading the rating are indeed agonising government and corporate houses, particularly as it affects potential business investment. It is clear that the federal administration needs to take a more aggressive approach to reverse the trend.

India’s retail market is extensive in all aspects. However, its growth entirely depends upon the choices of the government in making the right decisions.

The key challenges of the government include consolidating the political parties. In fact, it desperately requires a thoughtful approach to tackle internal issues.

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