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...speech on July 6, the nation discussed only one subject: the budget of the incoming government. The Congress Party, reelected to power after holding office for the past five years, had won a large enough majority of parliamentary seats to create a governing coalition free of leftists??€”like members of the Communist Party—who had slowed market reforms in the past. The new government, more moderate and centrist in composition than in its past term, won such a large majority, in fact, that officials promised very bold action to continue India’s economic rise...

Author: By Ravi N. Mulani | Title: A Budget to Forget | 7/15/2009 | See Source »

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