In the case of China this profile will, however, start to change around 2020 as the political effort to limit the population growth starts to have an impact on the dependency ratio, due to fewer newcomers to the labour market. In approximately one and a half decade India's labour force will be larger than that of China.
As the country’s primary financial regulator, the entity with the power to keep the mighty players in the financial system on their toes, we have no friends. In fact, we often make people unhappy with the hard decisions we must take.