SHOULD INDIA OPEN ITS FINANCIAL SECTOR FOR FORGEIGN PLAYERS

[beone]

i agree with anant on the choice of topic...

The past 17 years of liberalisation has only seen increased efficiency in different sectors, even in the financial sector. letting foreign players in, will Increase the competition which will bring about consolidation (as we already see in the banking sector), and efficient utilisation of available resources. Yes there are risks - but with adoption of prudential , regulatory, supervisory, and technological framework on par with international best practices will help in reducing risks

I believe that if you open your financial sector for foreign players, result will be similar to banking sector as you said..

 

[ganguly111]

i personally believe tht th financial sectro should b gradually opened up while keepng a close look over th flow of money..