Press reports on the report of the World Bank staff team on India's financial system have tended to be sensational. True, the report favours eventual privatisation of the financial system. But that is not the central theme. Greater efficiency and flexibility are the keys to reform and privatisation is seen as a means to promote them "in the long run".
Subscribers please login to access full text of the article.
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.