Technology and internet have and are continuing to revolutionise the service industry. Most of the start-ups have immensely contributed to employment generation. (Should we create a preferential FDI regime for activities with large employment potential, given the importance of employment in the economy?)
Seventh, the system is more transparent now than before both in terms of disclosure of accounts by banks and data/ information disseminated by the central bank. Looking at the data on the banking system, there is a contention that the banking system is more vulnerable now than before. My response has been that it is not so.