From the global perspective, the major challenges facing India that need to be addressed are the falling demand for Indian exports and inelastic nature of our imports, mostly commodities with elevated prices, controlling inflation and inflation expectations, eliminating infrastructure bottlenecks, attracting non-debt creating foreign capital in the face of general risk aversion, containing knock-on effects of overseas developments on the exchange rate, encouraging firms to follow sound risk management practices to contain the impact of their foreign exchange exposures and taking measures to positively influence the assessment of the credit rating agencies.
In that regard, I am very pleased that the Nordic banks have established Nordic Financial Cert with the main purpose of sharing information of threats and incidents. We have to share in order to reach higher levels of robustness.