India’s investment malaise thwarting quick economic rebound

Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself, who are too wary to invest.

The chief executive officer and managing director of JCB India, the country’s largest construction equipment manufacturer, says Prime Minister Manmohan Singh has improved business sentiment with the launch of urgently needed reforms last September.

via Business feed http://www.scmp.com/business/economy/article/1149303/indias-investment-malaise-thwarting-quick-economic-rebound