On the other hand, the financial regulatory authorities both for banking and nonbank financial sector have now been made independent.
Social transformation Recent high growth trends coupled with enhanced spending on social and poverty programs 11 that rose from 3.8% of GDP in 2001/2002 to 5.05% by 2005/2006 has together begun to pay some dividends as evident from the reversal in poverty incidence trends and social indicators. •  Per capita income has grown from $ in FY 2000 to $ in FY 2006.