In advanced economies, low-skilled workers feel the pressure of globalisation, particularly those who work in industry sectors that are exposed to low-cost competitors from abroad. And that’s why inclusive growth is so important.
Now you may say “Yes, we agree that the NBFCs need to be regulated. But, why are you saying that there are challenges? Don’t you have the law enabling you to regulate them?” 38. Yes, we have the law. And it has evolved over the time. The challenges today are as follows: 39.