History also shows that the full benefits of changes as substantial as the introduction of the euro may come neither immediately nor automatically. It normally takes some time to adapt to a new situation. Most importantly, efficiency and welfare gains will require structural reforms of labour and goods markets to improve flexibility.
A separate Technical Group on financial inclusion and financial literacy, under the Chairmanship of a Deputy Governor, has been set up under the aegis of FSDC. The Group has representations from all the financial sector regulators. In order to spearhead efforts towards greater financial inclusion, RBI has constituted a Financial Inclusion Advisory Committee (FIAC) under the Chairmanship of Deputy Governor.