The Congress led coalition government has returned to power
in India after the successful conclusion of the world's largest
democratic elections.
With the chief architect of Indian economic reforms, Prime
Minister Manmohan Singh back in the driving seat, everyone from
business barons and CEO's to traders and investors have their
wish lists ready. The equity markets already gave a euphoric
welcome to the Congress government by soaring to a record single
day gain on the announcement of the election results.
On a more conservative note, once the initial euphoria tapers
off the government will have to get to the grind and deliver.
Unfinished projects - work which could not be completed due to the
compulsions and compromises of coalition politics - now ranks high
on the to do list! Reforms in politically sensitive sectors such as
insurance, banking, pension, labour laws and agriculture are
expected to be the frontrunners on the new government's
agenda.
