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)的政策改革步子終於邁開了。繼上週削減燃料補貼後，印度總理又向前一步，放鬆了外商收購民航、零售、廣播和電力貿易行業股份的限制。這些改革將很難克服根深蒂固的反對，更別說具體執行了。但鑑於印度今年財政赤字將高於佔經濟產出5.1%這一目標，辛格必須堅持。
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