India made some key economic reforms today.
--Partially deregulate cooking gas and diesel prices
-- Allow FDI in retail and aviation
-- Some disinvestment in state run companies<p>These are some of the important ascpects. You can read about it here http://www.ndtv.com/article/india/government-approves-fdi-in-retail-and-other-big-bang-reforms-267499?pfrom=home-lateststories<p>Now, the opposition parties have already started crying foul, saying the government is not bothered about small merchants.<p>Raise of cooking gas prices(after removing subsidies) will directly tax the home budget.<p>Trucks have already announced 15% hike. This will ripple into essential commodities also.<p>Besides all these cons, how will it benefit India in the long run ?