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Lawmakers on strike

India's bickering lawmakers test investors' faith

Andy Mukherjee 

Andy Mukherjee The $12 billion foreign investors have poured into Indian equities this year is not a gift: it's a bet that Finance Minister Palaniappan Chidambaram will keep his promise to lift the country's GDP growth from its 10-year low. But the government can't deliver without lawmakers doing their part. The problem is that India's national parliament, never a bastion of efficiency, has simply stopped working. The parliamentary session that began on February 21 was repeatedly disrupted after opposition parties demanded the resignation of Prime Minister Manmohan Singh. He is facing ...

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First Published: Thu, May 09 2013. 21:32 IST
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