Y V Reddy: Global financial turbulence and the financial sector in India – a practitioner’s perspective Address by Dr Y V Reddy, Governor of the Reserve Bank of India, at the Meeting of the Task Force on Financial Markets Regulation, organized by the Initiative for Policy Dialogue, Manchester, United Kingdom, 1 July 2008.
*  *  *  Madam Chairperson, Governor Williams, and friends, At the outset I would like to thank The Initiative for Policy Dialogue, and Professors Stiglitz, Griffith-Jones, and Ocampo for providing me this opportunity to participate and incidentally share my thoughts on the recent developments in the global financial markets and its implications for both the developing and the developed countries.