This shows that we have come a long way from a highly bureaucratic, controlled and regulated economy to a market and business friendly, liberal and deregulated private sector oriented economy. But having made these impressive achievements, the road ahead of us is still arduous and torturous.
Don't see our moves as being anti-growth. We're actually laying the groundwork for better growth in the coming years. Another point: our banks are in a good position to absorb losses: there's enough provisioning, and capitalization is quite high – much higher than what's required. Not all non-financial corporates are healthy, but that's the very nature of capitalism.