Manmohan Singh’s policy reforms are finally getting some legs. After cutting fuel subsidies last week, India’s prime minister then went a step further and eased restrictions on foreign investors buying stakes in the civil aviation, retail, broadcasting and power trading sectors. These will be difficult to get past entrenched opposition, never mind implement. But with India’s fiscal deficit off course to meet the target of 5.1 per cent of economic output this year, Mr Singh needs to hold his nerve.
曼莫漢?辛格(Manmohan Singh)的政策改革步子終于邁開(kāi)了。繼上周削減燃料補(bǔ)貼后，印度總理又向前一步，放松了外商收購(gòu)民航、零售、廣播和電力貿(mào)易行業(yè)股份的限制。這些改革將很難克服根深蒂固的反對(duì)，更別說(shuō)具體執(zhí)行了。但鑒于印度今年財(cái)政赤字將高于占經(jīng)濟(jì)產(chǎn)出5.1%這一目標(biāo)，辛格必須堅(jiān)持。
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