We need to continue making progress on the measurement of productivity and improving our understanding of what drives increases in output per head. And on the financial side, we need to understand how the increase in Australia’s capital stock is being financed and how changes in the pattern of financing are altering the economy’s overall risk profile.
I am indeed privileged to be sharing the dais with stalwarts and thank ASSOCHAM for giving me this opportunity to speak on challenges in implementing Basel III in India. 2.