Prime Minister Narendra Modi has a long list of pro-growth measures to implement over the next four months, but time may have already run out to breathe enough life into the economy to meet the tough 2014-15 fiscal deficit target. Modi's election victory in May unleashed a rush of money from foreign portfolios betting the reformist prime minister would drive a quick recovery. That has yet to materialise, with both factory utilisation and capital spending low. Parliament convenes on Monday for a month-long session in which the government is confident of passing ...
Clock ticks on reforms, meeting fiscal deficit target looks difficult
Factory utilisation and capital spending remain low