For instance, Rodrick and Subramanian, in an IMF working paper of 2004, point out that India seems to have large amount of productivity growth from a relatively modest reforms. A more recent paper by Barry Bosworth, Susan Collins, and Arvind Virmani (2006) confirms this trend.
The goal of the first test was urgent and simple: to restore confidence in the 19 large banks that then accounted for two-thirds of the assets in the banking system. In fact, simply announcing in March that there would be tests helped stabilize bank finances.