The Indian government’s recent reforms to reduce government subsidies and embrace greater foreign direct investment were unexpected and bold. Markets have rewarded them with surging stock prices and a rebound in the value of the rupee. The reforms may yet be reversed or diluted because of the political backlash. Their impact may be more symbolic than substantive. Nevertheless, they are significant in that they reflect changes in the operating assumptions of Indian politics.
印度政府最近降低政府補貼、吸引更多外商直接投資的改革舉措大膽而又出乎預料。市場反應積極，股價大幅上漲，盧比價值反彈。但由於政治方面的反覆，這些舉措可能會被取消或者沖淡。它們的象徵意義可能大於實質意義。儘管如此，它們還是非常重要，因爲它們反映了印度政治運行假設的變化。
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