This refers to the report "India loses most-favoured EM tag in April" (April 30). The strong signals emanating from the market point to the lackadaisical attitude of the government in converting its announcements into reality. The market's negative trend reveals the fact that both domestic and external investors are losing faith in the government.
The government needs to give top priority to the implementation of the announced reforms. It should try to take the Opposition parties into confidence to get all the pending Bills cleared without any lag. This could help instil some confidence in the market.
The announcements regarding "achhe din" (good days) and "Make in India" should become a reality. The government should leave no stone unturned to send out the signal that it is strongly committed to bringing speedy economic reforms in the country.
V S K Pillai Kottayam
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