HN Explorer

Ask HN: Key Reforms in India today. How will this affect the Indian economy?

1 points by sun123 ↗ HN
India made some key economic reforms today. --Partially deregulate cooking gas and diesel prices -- Allow FDI in retail and aviation -- Some disinvestment in state run companies

These are some of the important ascpects. You can read about it here http://www.ndtv.com/article/india/government-approves-fdi-in-retail-and-other-big-bang-reforms-267499?pfrom=home-lateststories

Now, the opposition parties have already started crying foul, saying the government is not bothered about small merchants.

Raise of cooking gas prices(after removing subsidies) will directly tax the home budget.

Trucks have already announced 15% hike. This will ripple into essential commodities also.

Besides all these cons, how will it benefit India in the long run ?

1 comment

[ 2.9 ms ] story [ 15.0 ms ] thread
[dead] gcb
Someone once said the job of the government is to keep people one meal from revolting.

So this may be an indicator that the population that gets affected by the price of cooking gas was getting too well of to submit to certain jobs.