Sponsored by

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:

Your guide to the latest election news, analysis, commentary, live updates and schedule for Lok Sabha Elections 2019 on firstpost.com/elections. Follow us on Twitter and Instagram or like our Facebook page for updates from all 543 constituencies for the upcoming general elections.

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

Also See