ANALYSIS-Frustrations fail to deter investors in India

Newswire

By Tony Munroe MUMBAI, May 20 (Reuters) - Who needs reforms? A year into office, India's government has disappointed on hopes it would usher in a new wave of economic liberalisation. Foreign firms and investors, however, are getting on with business undeterred. Despite the dimming of reform expectations, India's long-term potential is too compelling to ignore. The economy is booming, funds are pouring in, and overseas firms from Toyota Motor Corp to Standard Chartered and Wal-Mart ...

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