If sound individual and collective choices are made, the economy and finance can prove to be powerful instruments for leading us forward. I shall try to tell you what criteria economic policy choices should follow, in my opinion. But I would like to start with a brief outline of the current situation.
On the external sector, while reserves of convertible currency are comfortable, rupee reserves require careful management to meet the needs for imports. Concluding remarks The crisis has put to test the collective leadership of the world and the competence and relevance of multilateral institutions. We are grappling with a crisis that has afflicted the entire world whether at the core or in the periphery.