The criticality for the policy makers is not only to ensure that there are no financial sector constraints on the real sector activity but also to assure that the financial sector reforms have complementarity with the pace and process of reforms in the real sector in India, along with, no doubt, fiscal empowerment – as consistently emphasised by the Reserve Bank.
Let me conclude by complimenting all those who have devoted their energies to bring to fruition this innovative collaborative academic activity with policy significance for the Reserve Bank of India. I am thankful to the organizers, specially Prof. Nachane for giving me this opportunity to be with you. We, in the RBI, look forward to the benefit of discussions in this conference.