That being said, it has often been indicated that GDP has its limitations. There are criticisms that GDP does not properly reflect new economic activities such as the digital and sharing economies. And it is true that GDP does not fully capture degradation of the environment, the distribution of income and wealth, and changes in the quality of life.
It is imperative therefore for Indian banks to learn from the successes and failures around the world, study international best practices and adapt them to the Indian conditions. Just as banking around the world is not going to revert to being boring, neither will Indian banking get boring. 35.