But exactly the same applies for the banking industry as well, and in financial regulation and management we should take into account not just the risks that the investment projects themselves are vulnerable to, but also the risks which any ‘brown’ or unsustainable projects may cause to the economy.
For example, the direct All-India rural credit survey, later rechristened as the all India debt and investment survey, was initiated by the Reserve Bank way back in 1951. The Reserve Bank conducted the first census of India’s foreign assets and liabilities in 1948. Since then surveys have evolved as per the need for analysis.