India | Updated Oct 30, 2007 at 12:54am IST

'India won't go back on its economic reforms'

Meetu Jain, CNN-IBN

New Delhi: Taking pot shots at the Left post the nuclear deal face off with it and almost losing grip over his government, Prime Minister Manmohan Singh hasn’t left a single opportunity to make it clear that his courtship with the Left parties is now almost in deep freeze.

"No policy reform has ever been reversed. The Indian economy, and its globalisation, has moved in only one direction – towards greater and greater freedom for individual creativity, initiative and enterprise,” said Manmohan Singh.

The Prime Minister was speaking at a Fortune magazine summit on Monday. His listeners were top corporate czars who want to see greater liberalisation in Indian economy. But his allies want to hear a different tune.

Messrs Karat and company don’t like what the PM is preaching and their threats are still very much alive.

"There is no Third Front as of now. But if the government goes ahead with the nuclear deal. Then we will re-prioritise ourselves,” said General Secretary, CPI-M, Prakash Karat.

While his Left allies are ganging up against him, surprisingly his opponents (BJP) are changing their stand on the nuke deal. Now, they say the deal is fine as long as the military might is not capped.

So whether its greater flexibility on usage of pension funds in stock markets, or opening up of Insurance sector or land use policies, its getting increasingly clear that the Left and Manmohan cant be the best of friends that they would have wanted to.

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