WHY COPY DUBAI OR MAURITIUS?
The high-powered committee, chaired by former World Bank economist Percy Mistry, has recommended a package of radical measures to transform India’s business capital into a global financial hub. The expert committee set up for making Mumbai an International Financial Centre has suggested India must not follow the quick growth models of Dubai or Mauritius, but has to set up its own model, based on deregulation and liberalisation of financial sectors, strong bond, currency and derivative markets and responsive role of institutional players in the capital markets.
