Tuesday, July 24, 2007

How the Financial Sector was Reformed in India

Ajay Shah has uploaded this article by Susan Thomas on how the financial sector was reformed. Insightful and very useful.

While talking about some problems in the Insurance industry, Susan Thomas mentions, " In 2004, there was a flow of Rs.60,000 crore of premium income going into the insurance industry. Of this, as much as Rs.6,000 crore, or roughly 10%,went back to sales agents. "

This makes a case for gigantic efforts on improving the financial literacy levels. What is the way of doing it?

Blog on Finance & Business
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