The Indian government’s recent reforms to reduce government subsidies and embrace greater foreign direct investment were unexpected and bold. Markets have rewarded them with surging stock prices and a rebound in the value of the rupee. The reforms may yet be reversed or diluted because of the political backlash. Their impact may be more symbolic than substantive. Nevertheless, they are significant in that they reflect changes in the operating assumptions of Indian politics.
印度政府最近降低政府补贴、吸引更多外商直接投资的改革举措大胆而又出乎预料。市场反应积极，股价大幅上涨，卢比价值反弹。但由于政治方面的反复，这些举措可能会被取消或者冲淡。它们的象征意义可能大于实质意义。尽管如此，它们还是非常重要，因为它们反映了印度政治运行假设的变化。
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