Hence, it is essential that optimal balance is maintained between financial innovation and regulation. Collectively, the above four aspects of the New Normal should contribute to the promotion of financial stability, financial inclusion and consumer protection. III. Indian experience  29. India, like most other emerging market economies, was not seriously affected by the recent financial turmoil in developed economies.
The breakthrough supplies the drama, but it’s the steady incremental improvement over time that makes the greatest difference. The Phoenicians dramatically improved the speed and cargo load of their commercial voyages with the invention of the trireme—massive boats, powered with three tiers of oarsmen, rather than the standard one or two—dispatched from Tyre and Sidon in the service of exploration, commerce, and colonization.