Decoding World Bank report: India not prepared for the next financial crisis

Decoding World Bank report: India not prepared for the next financial crisis 
by seetha Oct 7, 2013, First Post

In the wake of the Lehman crisis in 2008 that took down one global financial biggie after another, Indian policy makers were patting themselves on the back. Then finance minister (who is currently the President of India) Pranab Mukherjee, finance ministry mandarins as well as many leading economists argued that India’s conservatism in opening up the financial sector had insulated its economy from the global headwinds

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