But it can be most certainly stated that the depth, size, and resilience of Indian financial system owes much to such decisions in past taken at various crossroads. One may well argue that these policy choices were not necessarily pro-active but sometimes reactive as well. True!
3/4  BIS central bankers' speeches  Dear colleagues, A few days ago, while discussing the latest economic projections, a colleague of ours presented the following facts: labour resources are depleting; the reserves have dried up. Hence, the number of the employed has decreased as well. Projections suggest that it will continue on the downward path.