Monday, March 12, 2012

Budget 2012: Politics, slower growth, oil prices hobble reform

MUMBAI/NEW DELHI: The best thing Prime Minister Manmohan Singh's government has going for it ahead of Friday's federal budget unveiling is low expectations.

The ruling party, battered in recent state polls and hamstrung by slowing economic growth and high global oil prices, is in no position to advance bold economic reforms that could unclog flagging growth in Asia's third-largest economy.
Read More:http://economictimes.indiatimes.com/news/economy/policy/budget-2012-politics-slower-growth-oil-prices-hobble-reform/articleshow/12234879.cms

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