Back to the future?
We are nearing the 1990 era's in true sense. Today, our foreign reserves are just enough for 6 months and RBI has no other option than selling $ to stem the downfall or rupee. The time has come for another set of reforms. We are not exporting in good numbers , because our enterprises are taxed heavily right from import of raw material till export of final goods. I can see the pain of every enterprise which is subjected to multitude of pains! The MNC's coming into the Indian market wont add substantial $$$ to the exports tally, they are just encashing on domestic demand. We need more and more of Indian enterprises catering to the world segment. Software services could flourish for last 15+ years because of tax holiday and softer policy regime. The same is needed in manufacturing sector and removing the draconian labor laws, unwanted inspector check's, lengthy process for commercial licenses, high amount of taxes (sales, central, excise, custom , cess etc) and top of it ,