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A five-step ignition to private investment

The agenda for reform for the new government is huge but action and commitment on a few headline items could ignite animal spirits

Illustration: Binay Sinha
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Illustration: Binay Sinha

Dhiraj Nayyar
After several months of high voltage politics, the next government that takes office later this month will inevitably have to shift focus to the economy. The new government will inherit an economy growing reasonably fast with only moderate inflation. That should permit a generous dose of ambition. Of course, a new government, even a reelected one, will have a plethora of items on its agenda, not  least the gamut of manifesto promises. That could diffuse focus. It would make eminent sense for economic policy in the next six months to singularly focus on one variable: private investment.

The fact is that
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