(PTI) Contrary to India Inc's expectations, global investment banking giants Goldman Sachs and Citigroup have expressed doubts over the UPA government's ability to push ahead with a full fledged reforms process even though the ruling coalition no longer relies on the left. Noting that the government, which won the trust vote in the Lok Sabha last evening, would now have an opportunity to pursue stalled reforms, Goldman Sachs pointed out that the administration would have to deal with several difficulties in carrying out the process. "However, if it is to introduce reforms successfully, the government will have to deal with several difficulties. Five factors impede its ability to enact reforms successfully," Goldman Sachs said in the report.
Thursday, July 24, 2008
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