Dear Madam,
Your article on India’s banking and finance sector and the second phase of liberalization set to commence in April 2009 (Opening the vault, IBLJ, volume 2, issue 6) is a comprehensive overview of the proposed changes.
While the article anticipates how the landscape will look after the reforms, the reality will depend to a large extent on the next central government after the forthcoming general election.
India’s increasing acknowledgement that it is no longer alienated from the rest of the world will also impact the progress and nature of the proposed liberalization.
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