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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

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

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.

Despite this, the administration showed its resolve to push through economic measures after …

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