None of these benefits show up very clearly in GDP statistics, but all of them have made a big, and a beneficial, impact on our lives. Few of us would want to lose them. But what about economic growth? Surely growth in GDP has been disappointingly slow since 1984, and this proves beyond reasonable doubt that the reforms have failed?
Banks have been advised to setup Financial Literacy Centres (FLCs) in the 630 plus offices of the Lead District Managers (LDMs). As at the end of December 2012, 658 FLCs were functioning and 1.5 million people were educated during the period April to December 2012.