Clifford Chance
India's push for reform
31 January 2014
India is awash with jokes that 2013 is just like the 1990s all over again with the rupee plummeting against the dollar, high inflation and a balance of payments crisis. That sense of déjà vu extends to the regulatory developments currently taking place. During the 1990s
India, on its path to economic liberalisation, launched a raft of legislation. Now a new wave of reforms – some of them long overdue – is being implemented. These are intended to change the way business is carried out and to open doors for investors. They have the potential to contribute to India’s recovery and return to growth.
