This refers to the report “Growth at 9-qtr low, India Inc jittery” (December 1). If the Indian economy could sail through the global economic crisis of 2008-09, it can surely overcome the present troubles with which it is faced. But we need to set the situation right and act fast. We must take quick decisions on tax reforms, laws relating to land acquisition, mining leases and so on, and create an atmosphere that builds confidence among investors. Reforms may be the answer to attract foreign as well as domestic investors. But it is disappointing to see the way in which the political class is stuck on the issue of foreign direct investment in retail. Will it move beyond the current impasse?
Jacob Sahayam, Thiruvananthapuram
