Budget 2015: For economy to grow at 7.5%, financial sector should grow 20%, says E&Y's Abizer Diwanji

Boosting financial services sector is critical to ensure sustainable growth of the economy and the budget needs to incentivize the growth of the financial services sector, says Abizer Diwanji, Head of financial services, at EY.

 Budget 2015: For economy to grow at 7.5%, financial sector should grow 20%, says E&Ys Abizer Diwanji

Abizer Diwanji. Youtube image

"If the economy needs to grow consistently at 7-7.5 per cent, financial sector needs to have the capability to grow at 20 per cent," Diwanji said.

Also, it is equally critical for the government to offer a roadmap for the recapitalization of public sector banks, for which government needs to reduce its holding in these banks, he said.

Listen to the complete podcast here:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

Updated Date: Feb 20, 2015 13:30:06 IST


CORONAVIRUS

COVID-19 Information Centre

  • 24 hrs. helpline no. -
  • +91-11-23978046
  • 24 hrs. toll free no. -
  • 1075

India

  • Active Cases

  • Total Confirmed

  • Cured/Discharged

  • Total DEATHS

*change over the previous day
Data Source: Ministry of Health and Family Welfare, India
Updated: Apr 06 (06 PM)
Hospitals & Testing centres

World

  • Active Cases

  • Total Confirmed

  • Cured/Discharged

  • Total DEATHS

*change over the previous day
Data Source: Johns Hopkins University, U.S. (www.jhu.edu)
Updated: Apr 06 (06 PM)
Hospitals & Testing centres