RBI’s Das calls for more work on financial market development
Development has proceeded at “unprecedented pace” despite series of crises, governor says
India’s financial markets have been developing at “unprecedented pace” but there are still several areas that demand further work, Shaktikanta Das said on January 27.
“Interestingly and perhaps paradoxically, the measures to reform and develop financial markets have taken place at an unprecedented pace during a decade of unprecedented challenges,” the Reserve Bank of India governor told a conference in Dubai. He cited the 2008 crisis, the 2013 ‘taper tantrum’, the Covid pandemic and the Russian
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