During the sharp economic slump in 2009, the rapidly growing emerging market economies also fulfilled an important stabilising function for the global economy. Institutionally, the shift in weights was reflected not least by the G7 becoming less important and by the G20 rising to become the central forum for international fiscal and economic policy cooperation.
With the establishment of individual home loan financing through commercial banks & housing finance  1  Tenth Five year Plan document of the Planning Commission  BIS central bankers’ speeches  1  companies, access to home loan finance has expanded considerably.