While several observers, especially in the financial sector, hold that India is risk-averse, there are others who assert that a risk-sensitive approach has paid rich dividends both in terms of efficiency as well as stability. Two illustrations may suffice.
At a macro level, India is investing around 30% of GDP and recording a GDP growth rate in the range of 7% to 8% - which reflects a high level of macro-efficiency relative to other high growth performers in Asia.