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(单词翻译:双击或拖选)
By Anjana Pasricha
New Delhi
18 June 2006
Activist1 of Indian Communist Party listens to a speaker, unseen, during a demonstration2 against hike in gasoline prices, in New Delhi, India, June 6, 2006
India's economy has been on a high growth path in recent years, but economic reforms that could make the situation even better are lagging behind. Analysts3 say the country's influential4 communist parties are obstructing5 economic change.
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Supporters of India's powerful communist parties recently led noisy street demonstrations6 in major cities, demanding the government roll back a nine-percent hike in gasoline prices.
The Congress Party-led coalition7 government stood fast. It said it had to raise domestic fuel rates to limit the huge losses being suffered by state-run refineries8 as a result of soaring global crude oil prices.
The government won that argument. But analysts say increasing opposition9 from two mainstream10 communist parties is putting a brake on the pace of economic reform in the country. The communists are not part of the Congress-led coalition, but the government cannot survive without their support in parliament.
As a result, Prime Minister Manmohan Singh, who kicked off India's economic reforms as finance minister in 1991 and is a champion of free-market policies, has quietly sidelined several important changes.
Earlier this year, communist opposition forced the government to shelve a plan to reduce food subsidies11. Last year, the parties, which oppose privatization, blocked government plans to sell stakes in profitable state-run firms.
T.K. Bhaumik, the chief economist12 at Reliance Industries, says India's failure to move ahead with tough reforms is discouraging foreign investment in a range of areas.
"Labor13 reform is a critical necessity, and not much action has been take," he said. "If you are talking of [a] market economy, why can't you talk of market economy for labor, why can't you talk of market economy for agriculture, why can't you talk of market economy for infrastructure14, which is another critical area of reform?"
Rigid15 labor laws forbid large manufacturing units from laying off staff without government approval. As a result, textile manufacturers tend to keep their factories small, and relatively16 inefficient17. Analysts say this is why the Indian textile industry is not witnessing the kind of growth seen in China.
Leftist parties have also blocked the government from easing restrictions18 on foreign investment in areas such as infrastructure, insurance and retailing19.
It was the move away from India's traditional socialist20 economic policies, started by Mr. Singh and the Congress Party in 1991 and later accelerated by the Bharatiya Janata Party, that is credited with sparking India's current economic boom.
Despite the slow down in economic reform since Congress ousted21 the BJP in 2004, India's economy is still growing at a rate of around eight percent. But analysts say the communist-led obstructions are preventing the country from attracting the kind of large scale foreign investment that could raise growth to even higher levels
1 activist | |
n.活动分子,积极分子 | |
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2 demonstration | |
n.表明,示范,论证,示威 | |
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3 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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4 influential | |
adj.有影响的,有权势的 | |
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5 obstructing | |
阻塞( obstruct的现在分词 ); 堵塞; 阻碍; 阻止 | |
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6 demonstrations | |
证明( demonstration的名词复数 ); 表明; 表达; 游行示威 | |
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7 coalition | |
n.结合体,同盟,结合,联合 | |
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8 refineries | |
精炼厂( refinery的名词复数 ) | |
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9 opposition | |
n.反对,敌对 | |
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10 mainstream | |
n.(思想或行为的)主流;adj.主流的 | |
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11 subsidies | |
n.补贴,津贴,补助金( subsidy的名词复数 ) | |
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12 economist | |
n.经济学家,经济专家,节俭的人 | |
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13 labor | |
n.劳动,努力,工作,劳工;分娩;vi.劳动,努力,苦干;vt.详细分析;麻烦 | |
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14 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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15 rigid | |
adj.严格的,死板的;刚硬的,僵硬的 | |
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16 relatively | |
adv.比较...地,相对地 | |
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17 inefficient | |
adj.效率低的,无效的 | |
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18 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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19 retailing | |
n.零售业v.零售(retail的现在分词) | |
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20 socialist | |
n.社会主义者;adj.社会主义的 | |
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21 ousted | |
驱逐( oust的过去式和过去分词 ); 革职; 罢黜; 剥夺 | |
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