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Monday, Dec 06, 2021
Outlook.com
Reforms

Stop, Look, Go

The Congress may not be too hampered by the Left in the economic reforms arena

Stop, Look, Go
Jitender Gupta
Stop, Look, Go
outlookindia.com
-0001-11-30T00:00:00+05:53

Naturally, the stockmarkets trembled violently as the week opened with the AP slide and went on to reveal more crashing surprises about the bjp. Says Ajay Bagga, ceo, Kotak Mahindra Mutual Fund: "Markets are worried about the continuity of the strong economic growth, whether the new government will have a strong political will to continue reforms so that growth is not constrained. The impact won’t be immediate, but depending on policies, it’ll be felt in the future."

All the experts Outlook spoke to agree on "three things" that’re sure to happen which will signify a dilution of liberalisation: more subsidies in food (power and irrigation subsidies come from states), burial of labour reforms and a shutdown on the privatisation of profitable PSUs.

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