Watching Government: Indian horizons

India's new leader wants foreign investment in the country's oil and gas sector, but state-owned companies may not be privatized anytime soon.Prime Minister Manmohan Singh, a respected economist and former finance minister, told reporters last month that economic reform is still on track, albeit at a kinder, gentler pace than what policymakers previously envisioned."Reforms are needed, I've always said that, but economic reforms with a human face that give India's common man a real hope," said Singh.Skepticism rampantSome analysts think putting "a human face" on reform means India won't offer substantive returns to foreign oil companies for years."I remain pretty skept...

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