November 6 2000
After several years of revolving-door governments, India has a majority administration committed to resuming economic reform under Prime Minister Atal Behari Vajpayee. Progress has been slow, however, particularly in the three linked areas of reining in a budget deficit of about 10 per cent of GDP, privatisation, and the pricing of public goods and services to reduce subsidies that together amount to 14 per cent of GDP. Despite its comfortable majority in parliament, the ruling Bharatiya Janata party (BJP) is constrained by the need to placate its 24 allies in the National Democratic Alliance.
Overview Danger hangs over progress of reform
Potential remains unfulfilled
Closing the cold war book
Process remains high on rhetoric, low on action
Not all rosy in the Indian classroom
Technology Gaining membership of the global club
System suffering from too much traffic in the tubes
Profiles and Case Studies Shining star start to lose some of its lustre
Banker finds a roles as a pioneering home lender
The institution lines up an impressive team
Industry Structural changes take root
Pace of restructuring slows
Foreigners eye Air-India
Delays and bureaucracy force investors to flee