The presentation today is on reforming India's financial sector. I eagerly look forward to the benefit of productive discussions in this august gathering. In the address today, I will present a detailed account of the broad lines on which reforms in financial sector have progressed and then will narrate the distinguishing features of the reforms in India.
I would like, however, to briefly touch on four main challenges facing the Caribbean which find resonance with the Conference’s sub-theme 2 on re-engineering finance and sub-theme 4 on re-igniting growth: austerity versus stimulus. These challenges are as follows: low growth, high debt, mitigation of natural disaster risk and managing financial sector stress.