India 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