Ask HN: Key Reforms in India today. How will this affect the Indian economy?

India made some key economic reforms today. --Partially deregulate cooking gas and diesel prices -- Allow FDI in retail and aviation -- Some disinvestment in state run companies

These are some of the important ascpects. You can read about it here http://www.ndtv.com/article/india/government-approves-fdi-in-retail-and-other-big-bang-reforms-267499?pfrom=home-lateststories

Now, the opposition parties have already started crying foul, saying the government is not bothered about small merchants.

Raise of cooking gas prices(after removing subsidies) will directly tax the home budget.

Trucks have already announced 15% hike. This will ripple into essential commodities also.

Besides all these cons, how will it benefit India in the long run ?