Further, now that we have had time to understand better the damage that the global financial crisis has wreaked on the world economy, and after much research on the effect of major financial crises on growth and on the dynamics of business cycles, we are focused to a much greater extent than in the past on the importance of financial stability.
With fast pace of economic growth and urbanisation, availability of adequate facilities as well as upgrading the quality of existing infrastructure would assume paramount importance. Infrastructure development in new townships is a priority to redistribute the influx of growing population. Attention is to be paid to the rural infrastructure provision such as irrigation, electrification, roads, drinking water, sanitation, housing, community IT service, etc.