India promises reforms to go on

NEW DELHI - India's new United Front government has said it is committed to pursuing the five year old economic reforms programme…

NEW DELHI - India's new United Front government has said it is committed to pursuing the five year old economic reforms programme by annually absorbing at least $10 billion as direct foreign investment in infrastructure and industry, writes Rahul Bedi. Releasing the "common minimum programme policy framework document yesterday, the Prime Minister, Mr Deve Gowda, said his 13 party coalition would maintain an industrial growth rate of 12 per cent a year.