Oh for a crisis!: Look how it has concentrated the government's mind

It has long been said, only half in jest, that India needs a crisis in order to reform. That seems to be proving true, yet again. Confronted with a potential foreign exchange crisis, the government is opening up to foreign investment like there is no tomorrow - and all the vociferous protests and dilly-dallying of yesteryear have evaporated. No, retail chains don't have to buy so much from domestic small-scale units, and they don't have to be only in the big cities.

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