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"Even Botswana Gets More Foreign Investment Than Us"

Joydeep Mukherji, director, Standard & Poor's, minces no words in an e-mail interview with Arijit Barman on why he downgraded India's rating. Excerpts:

Would you say that the pace of reforms has been inadequate to address the deep fiscal problems?
While investing in a country like India, to what extent do foreign investors take into account the fiscal picture of the country?
Why is India's share of global FDI investment shrinking?
Disinvestment: is it politically impossible in India?
Are you saying that overt politicisation of the economy is the main evil?
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