During changes at the top heading into elections, India steadily pushes economic reform agenda

Democracy, elections and voting at Democracy Chronicles

India’s finance minister pledges more growth reforms

AFP – India may further raise caps on foreign direct investment to spur more inflows of funds, as part of efforts to kick-start the sluggish economy before next year’s general elections, the finance minister said Thursday. Finance Minister P. Chidambaram also appealed for calm over the rupee.

India’s government is considering calling a special session of parliament to pass a populist but hugely expensive bill to provide subsidised food to millions of people, Finance Minister P. Chidambaram said Thursday. The landmark Food Security Bill, approved by cabinet in 2011, would provide a subsidised system.