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India Decides - time for next wave of reforms

The verdict is out and India has decided! Going a step better than most media projections, the Congress led UPA alliance looks all set to return to power and form the next government at the center. Although still some seats short of the magical 272 figure mark, it now appears certain that the Left parties will have no role to play in the government formation this time around.
Dr. Manmohan Singh, the reformer par excellence has given enough proof of what he and his team can achieve if given a free hand. And the people of India seemed to have done exactly just that. Now it is up to him to deliver. The road ahead though is anything but smooth. The country's finances are staring down the barrel and economic growth has taken a big hit. However, looked differently, this could just be the time to unleash another wave of reforms and push the economy onto an even higher growth trajectory. Perhaps,it's time for ‘The Great Indian Reforms II'. If at all they happen, the Indian people will have no one else but themselves to thank for it.

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