Economic revival not yet in sight

.....The pressure on the fisc and the worrisome current account deficit are negative factors for potential investors, domestic and foreign. Indeed, the situation is no better than the early ' 90s, when the government was forced to pledge gold with the Bank of England. The cushion of nearly $ 300 billion in forex reserves can evaporate quickly, should the pull- out by the FIIs gather speed. How to make India an attractive destination for foreign investment is the challenge for the economic policy- makers.....

Read - FPJ