Every financial crisis, notwithstanding the associated ravages, has to be also seen in terms of the opportunities it offer like exposing the limitations of the existing systems, cleansing the financial systems of activities and markets entities that work towards misuse of the systems for maximizing personal returns, and certainly in this process open up new business opportunities.
I would like to share with you certain important aspects of the crisis, before sharing with you the Indian experience in terms of the impact of the crisis and the way forward.