Modi, the current prime minister of India got into power with big majority as the coalition govt(UPA coalition) at the was too corrupt. Modi promised big reforms, like Obama when he got first elected, but nothing positive yet for the majority of population. He is some what pro business, but not enough pro business or pro masses to worth any applause. I don&#x27;t think pro business and pro masses policy is mutually exclusive. So far it looks like his election campaign was just a marketing campaign to get elected.<p>See gas price, crude oil price and rupee&#x2F;dollar rate over last few years. *sorry about the formatting as this is html doesn&#x27;t care about white spaces and &lt;pre&gt; tags doesn&#x27;t work here<p>year      10     11     12     13     14     15     today<p>$ Crude   74     109    90     99     108    61     33<p>Rs.gas    51     63     71     63     71     66     64<p>$ vs Rs   46.2   44.7   57.1   59.2   60.2   63.4   66.8<p>The prices are deregulated. But still even though crude prices has fallen so much, govt keeps retail gas prices costlier by increasing taxes. Taxes form the majority of retail gas price.<p>Taxes vary between states, which is detrimental for business due to the amount of paperwork. Unified tax rate named GST was to be introduced(its not a law yet). The outrageous statement made by someone was that even though GST will charge uniform tax rate somewhere in the range of 14-18% gas prices will be kept out of its purview for the time being. The horror!<p>But things are bright for India in the long term as youth have high education. All most all have college degree. There are press or internet censorship.