Muted scenario

THE completion of one year of the Modi Government has left the market confused since the analysts I talked to had diametrically opposite views, ranging from extreme disappointment to happiness and optimism about the future. I would like to be in the latter camp and feel that under the given circumstances, the government has already achieved a lot regarding most of the low hanging reforms such as privatising coal and other mines, higher FDI in defence and insurance, quicker project clearances, deregulating diesel prices, raising natural gas prices, enhancing financial inclusion, more flexible labour markets, up to 100 per cent FDI in key areas besides achieving much in fiscal consolidation.

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