We must understand that the financial system, on its own, cannot accelerate the growth process; it can only facilitate the economic growth by providing finance to the real sector. The basic impetus for sustainable growth has to necessarily emanate from the real sector.
All of us are now well aware that the origins of the Global Financial Crisis lay in too much of financial innovation and the financial sector running too far ahead of the real sector. So, a total dependence on the financial sector to solve the problems of the real sector and accelerate the growth process is unrealistic. Introduction 4.