Concluding remarks I would like to conclude by re-emphasizing three key messages from the lecture. First, reforms, which balanced growth opportunities with risk mitigation contributed to both the Indian economy’s growth performance before the crisis of 2008 and its resilience to the crisis.
Second, the future performance of the Indian economy depends even more heavily on reinforcing domestic drivers of growth and stability in a generally unfavourable global environment. Third, drawing on lessons from past experience, speed, synchronization and the balance between exploiting opportunities and managing risk, will maximize the dividends from any reform strategy.