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comment by cliffelam
cliffelam  ·  4370 days ago  ·  link  ·    ·  parent  ·  post: India to Cut Capital Gains Tax
How is it strange? Seems to have provoked some conversation.

I mostly thought this was interesting because it is another sign that India is abandoning even more inherited 'junk' from Nehru.

-XC





cgod  ·  4370 days ago  ·  link  ·  
You think? Singh came into office a firebrand of progressive reform with a market capitalist outlook. India saw really terrific growth over those years. The past few years his administration has lacked the will or desire to push any significant reforms to the economy, even thou there seems to be plenty of low hanging fruit. When faced with populist a populist outcry, like over the decision to allow foreign supermarket chains, he has caved to the isolationist position. I'd say that the Indian government is generally looked on as moribund right now, incapable of making big changes or taking big decisions. A general embrace of Nehruism, closed economics, nationalism, populism seems to rather be the order of the day.