The budget, the bull and the BSE

India's groundbreaking, reformist budget has been followed not by momentum and acclaim, but by a stock market collapse, several conspicuous arrests and the banning of brokerages including CSFB. Helped by access to confidential government documents, Chris Wright and Saibal Dasgupta examine whether the country is caught in a permanent pattern of scandal and upheaval, or instead making brave but painful progress towards market reform.