Rajan sees bright future on inclusion but stresses work to be done
Outgoing governor discusses different approaches open to policy-makers and some common challenges
Formal financial services will be available to any Indian who wants them "in the foreseeable future", Raghuram Rajan said today (July 18). The country has "come a long way" on financial inclusion, though he stressed it "still has a way to go".
The outgoing governor of the Reserve Bank of India sketched out India's transition away from relying on mandates and subsidies towards building enabling frameworks that "make it attractive for financial institutions to target the excluded".
He stressed the
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