Reform of Financial System

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Reports

Vol. 26, Issue No. 18, 04 May, 1991

Reform of Financial System

Vol. 26, Issue No. 18, 04 May, 1991

Reports

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".

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