This is not to argue that the private sector should have been bailed out. Rather, that it should have been quickly and decisively “bailed in”, to bear its full share of the costs of crisis resolution, through stand-fast and workout arrangements.
In fact, many of the disadvantages which the Indian economy faced in the past has already been waned and turned out to be advantages. To illustrate, a disadvantage that has plagued  BIS central bankers’ speeches  1  most developing economies including India has been that of scarcity of capital.