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In recent time, there has been debate over the entry of large corporate houses into the retail sector in India. This study finds that both traditional and organized retail can not only coexist but also achieve rapid and sustained growth in the coming years. The findings of this study are based on the largest ever survey of various stakeholders and an extensive review of international experience, particularly emerging countries of relevance to India. There has ...
The regulation of financial intermediaries continues to pose significant challenges to policymakers the world over. The task is especially difficult in emerging markets, where various factors--including macroeconomic voltality, relative under-capitalization of banks, the absence of market discipline and lax supervision--combine to render the banking system fragile. As was evident in the East Asian crisis of the late nineties, this can increase manifold the ...