By Vivek H. Dehejia
The gloss is coming off the India story. Recent weeks have seen downgraded growth forecasts, rising inflationary pressure, poor job creation numbers, a faltering stock market and an erratic trajectory in inbound foreign investment. These developments, coupled with the signal failure to deliver on any of its promised “second generation” economic reforms, are leading many commentators to point to a state of “policy paralysis” in the current government.