The more rigorous the testing and exception handling, the higher would be the probability of success of the project. Another area of significant importance to the managements, regulators and shareholders is the quality and efficiency of reporting. Indian banking, even today, has housekeeping, MIS and reporting processes which are largely interspersed with manual intervention.
Last year our economy posted the best GDP growth in 31 year. One of the reasons for this is strong investor confidence in our country, as a viable emerging economy. This was coupled with the 2.8 average inflation rate in 2007, which was the lowest in 21 years.