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Reports on the confidence of India's Prime Minister P.V. Narasimha Rao regarding the country's liberalization program. Rao's views supporting the confidence; Scenario in the country's states after the elections; Rao's views on 1996 national elections.

Reports on the lucrativeness of the Indian market to United States businesses. Advocacy of the economic reforms by the US executives; Factors responsible for India's attractiveness; Prime Minister P.V. Narasimha Rao's assurance to the visiting US businessmen regarding the pace of economic reforms; Information on the bids for various ventures in India.

Focuses upon the opinion of Indian businessmen on the effects of the state elections in 1994 on India's economic reforms. Details on the economic-reform program.

Speculates likely appointment of ministers by India's Prime Minister P.V. Narasimha Rao and its impact on India's economic reforms program. Debarment of three ministers; Resignation by another; Political atmosphere in the country; Perception about economic reforms.

Discusses the impact of the poll setback in the state assembly elections, on the progress of economic reforms by India's ruling Congress Party. Details of the election results and the reforms program; Optimistic attitude of Finance Minister Manmohan Singh about the future of reforms.