Financial Times FT.com

India’s Budget lacks a reform agenda

By John Elliott, the FT’s first south Asia Correspondent (1983-88)

Published: July 6 2009 14:20 | Last updated: July 6 2009 14:20

From Riding the Elephant blog

When Sonia Gandhi, India’s Congress Party president and leader of the ruling United Progressive Alliance government, praised the country’s 1969 bank nationalisation at a conference in Delhi last year, there were gasps of surprise and horror from businessmen in her audience.

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