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However, economic reforms in India have stalled.

Indian Prime Minister Manmohan Singh, in the role of finance minister in the early 1990s, was the architect of his nation’s economic reforms.

“We are hopeful to see that Manmohan Singh return and open up markets, retail markets, banking markets, infrastructure opportunities for U.S. businesses so they are not discouraged from competing for infrastructure projects like current law often does in India,” said Timothy Roemer, who was the U.S. ambassador to India until April.