- Financial products are not to blame for the financial crisis; the lack of regulation caused the meltdown
- Financial, institutional and technological innovation is essential in connecting more people in India to the banking system
Mumbai, India, 14 November 2011 – Financial innovation in India is key to making growth inclusive by connecting hundreds of millions to the banking system, said panellists at the World Economic Forum’s India Economic Summit.
Panellists repeatedly stressed the importance of changing the public perception that innovative financial services were the cause of the 2008 financial meltdown, which led to the global recession.
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