NEW DELHI (Reuters) – For all the sudden pessimism about India’s economy, Kaushik Basu sleeps soundly at night – and if something was going to keep him awake it wouldn’t be the risk of a balance of payments crisis.

Out of tune with a chorus of gloom, India’s chief economic adviser believes the tide has turned in a long battle against inflation and the economy is set to rebound to its “full-steam” growth rate of around 9 percent within two years.

NEW DELHI (Reuters) – India’s economy will likely grow faster next fiscal year than in 2011/12 because of an improved external environment and a shift in policy focus from containing inflation to promoting growth, Chief Economic Adviser Kaushik Basu said on Wednesday.

However, Basu told Reuters in an interview that public finances were expected to remain under pressure in 2012/13.

NEW DELHI, Jan 4 (Reuters) – India’s economy will
likely grow faster next fiscal year than in 2011/12 because of
an improved external environment and a shift in policy focus
from containing inflation to promoting growth, a top government
adviser said on Wednesday.

However, Chief Economic Adviser Kaushik Basu told Reuters in
an interview that public finances were expected to remain under
pressure in 2012/13.

NEW DELHI (Reuters) – Returning to India from a summit in Bali last month, Manmohan Singh was cheerful and determined: once dubbed “the leader other leaders love”, he’d enjoyed meeting Chinese Premier Wen Jiabao and U.S. President Barack Obama, one of his biggest admirers.

With a host of long-stalled reforms ready for debate in the next parliamentary session, he told a close colleague he was ready to get down to business.

NEW DELHI (Reuters) – Returning to India from a summit in Bali last month, Manmohan Singh was cheerful and determined: once dubbed “the leader other leaders love,” he’d enjoyed meeting Chinese Premier Wen Jiabao and President Barack Obama, one of his biggest admirers.

With a host of long-stalled reforms ready for debate in the next parliamentary session, he told a close colleague he was ready to get down to business.

NEW DELHI (Reuters) – India’s parliament has always been a boisterous and chaotic place that, like the country itself, still somehow worked: these days, it’s not even muddling through.

Proceedings have been abruptly called off every day so far since the 21-day winter session of the bicameral parliament opened last week because of the din raised by legislators bawling at each other across the floor of the house.

NEW DELHI (Reuters) – Prime Minister Manmohan Singh’s move to open India’s protected retail sector to global supermarket giants last week surprised critics who had written him off as a policy ditherer, but he was probably motivated by expedience rather than any reformist zeal.

India’s stellar economic growth is slowing, the rupee has skidded to record lows and inflation is stuck close to a double-digit clip. Faced with this predicament, Singh may have simply weighed the benefits of opening a $450 billion market to foreign investment against the political risk, and taken his chance.

NEW DELHI, Nov 27 (Reuters) – Prime Minister Manmohan
Singh’s move to open India’s protected retail sector to global
supermarket giants last week surprised critics who had written
him off as a policy ditherer, but he was probably motivated by
expedience rather than any reformist zeal.

India’s stellar economic growth is slowing, the rupee has
skidded to record lows and inflation is stuck close to a
double-digit clip. Faced with this predicament, Singh may have
simply weighed the benefits of opening a $450 billion market to
foreign investment against the political risk, and taken his
chance.

NEW DELHI (Reuters) – The government’s plan to open its supermarket sector to global retailers hung in the balance on Thursday as political opposition to the long-delayed reform mounted just hours before a cabinet meeting called to approve it.

Multinationals such as Wal-Mart Stores Inc have eyed India for years as the last frontier in mass retailing — a market estimated at $450 billion a year, but still dominated by traditional family-run and corner stores.

NEW DELHI, Nov 24 (Reuters) – The Indian government’s
plan to open its supermarket sector to global retailers hung in
the balance on Thursday as political opposition to the
long-delayed reform mounted just hours before a cabinet meeting
called to approve it.

Multinationals such as Wal-Mart Stores Inc have eyed
India for years as the last frontier in mass retailing — a
market estimated at $450 billion a year, but still dominated by
traditional family-run and corner stores.