On being asked as to what have been our (India’s) strong points, Shri Mukherjee replied: “We have built up a huge infrastructure, industrial and human. We have the largest number of technically and technologically competent personnel. We have the third largest reservoir of human talent in the world.
They are designed both to meet requirements for Commonwealth authorities and also to be in line with good practice at commercial entities. They do, however, give us at the Reserve Bank an insight into some of the practical challenges facing other financial organisations.