The true impact of years of frequent policy changes has not been fully assessed
While there is no doubt that the ethical controversy surrounding human embryonic stem cell research has given rise to an uncertain policy environment, the true impact of years of frequent policy changes has not been fully assessed.
``I expected some strong policy initiatives in the interim budget to reinvigorate and re-energise the declining economy. Tourism, real estate and the export sector were badly impacted by the global crisis. However, it was disappointing to see a huge increase in defense allocation in this budget. There is hardly any step for economic resurgence in this budget.''