Prospects for next 20 years, in our view, are bright for all the reasons and the record of performance that I have given. Yet, there are several challenges that are to be met in the medium term, as articulated in the recent Annual Report of RBI, which reflects the views of eminent Directors on its Board. Permit me to list these challenges briefly.
These are growth of agriculture sector, improvement in physical infrastructure, fiscal empowerment to enhance coverage and quality of education and health, improvement in governance and further reforms in financial and external sector. The financial sector reforms are aimed at further development of financial markets, especially bond market, enhancing integration of these markets and further improvement in the banking sector.