The first relates to women self help groups (SHGs) that I recently visited in Ajmer. The NGO, has catalysed groups that consist of poor Muslim women and trained them in making crochet caps for the nearby dargah. The groups now supply these caps and other items to distant places.
This analysis of developments over the past five years leads us to the following three main conclusions: first, the international role of the euro has increased significantly, though rather gradually; second, it is based on a strong regional focus, notably on the regions near the euro area; and third, it was driven by substantial demand from euro area investors for euro-denominated bonds issued by non-euro area residents.