The FSB is expected to serve as a kind of supervisory body of these institutions and provide coordination functions. The measure aims to overcome the differences among sectors and create regulations and rules that are consistent throughout the financial system. The G20 also decided to regulate hedge funds. This is the first step in bringing the shadow banking system within the net of regulations.
This "demographic dividend" is seen as an inevitable advantage provided prerequisites such as skill-upgradation and sound governance to realize it are put in place. More important, the demographic transition is likely to be stretched over a longer period since States in India are at different stages of such transition from Kerala to Uttar Pradesh. •  Sixth advantage is India’s business culture.