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Wait gets longer for India investors expecting change from Modi

He's struggled to use lower-house majority to pass legislation, latest being the insurance bill

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Published Wed, Dec 24, 2014 · 09:50 PM

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    New Delhi

    THE wait just got longer for investors who expected sweeping moves to bolster India's economy after Prime Minister Narendra Modi's landslide election win.

    Lawmakers failed to vote on a six-year-old bill that would allow more foreign investment in the insurance sector before a month-long parliament session ended on Tuesday. Now it'll have to wait until at least the next session in February.

    IndiaNarendra Modi

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