At the outset, on behalf of RBI, I extend a hearty welcome to all of you to India and especially to this fascinating state of Rajasthan. We thank IADI for agreeing to hold this conference jointly with DICGC. As you are aware, DICGC entered its Golden Jubilee year on January 1, 2011.
At present, the great bulk of households still pay off all their debts by age 65, but the factors that encouraged or allowed 45 to 64-year olds to increase their debt over the past 10 years may in due course change behaviour further up the age scale.