Finance Minister Chidambaram declared at ICICI Securities Investor Conference in Mumbai in October 2007 that it is government intention to make financial services the next growth engine for India.
A government constituted committee to make Mumbai an international financial centre ha submitted its recommendations and the report is in the public domain now.
The finance minister has indicated that the process of building consensus on the key recommendations is on.
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For information on Mumbai as international financial centre
http://ajayshahblog.blogspot.com/2007/04/mumbai-as-international-financial.html
For report of government committee
http://finmin.nic.in/mifc.html
Monday, February 4, 2008
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