India's stake sale decision threatens reforms

Newswire

By Anirban Nag and Unni Krishnan NEW DELHI, Aug 17 (Reuters) - India's decision to abandon plans to sell stakes in state firms to strategic investors under pressure from left-wing allies threatens to derail reforms and hurt growth prospects in Asia's third largest economy. While anti-reform rhetoric from the communist parties is expected to increase ahead of elections in two crucial states this year, analysts say the left is unlikely to bring down Prime Minister Manmohan Singh's ...

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