Further, there are still too many barriers that prevent workers in one province from moving to a job in another province. Labour market churn is a highly complex process that is difficult to predict. So is the creation of new economic supply through investment prompted by strong demand or new firm creation.
*  *  *  The assistance provided by Shri G Padmanabhan, Shri K Vijayakumar and Smt Radha Somakumar in preparation of this address is gratefully acknowledged. 1. It is a pleasure and privilege to be here at the Banknet’s 7th Annual Conference on Payment Systems.