As I have said, we shouldn’t go to the extreme of over regulation. Rather, we should move towards greater accountability for our actions. How do we see things going forward? I had made a point earlier of saying that no one knows how deep or how much longer this crisis would last. But I want to stress now, this will not go on forever.
There will be an upturn – sooner or later. (As they say, the light at the end of the tunnel.) What is crucial is we must be ready for that time. Slowly, we are seeing some traction in the markets. The most visible manifestations of these are: the exchange rate level consolidating, the credit spreads narrowing, the stock market steadying.