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The Government of India is of course in a process which will require more and more changes to the economy. We began the process by removing regulations, by opening up. Having done quite a lot of that and having been able to push up the rate of growth to 9%, we anticipate that it will probably be 8% in this financial year because of the state of global economy.
But is there more reform that Government of India needs to undertake? Yes, there is more reform that we need to undertake. But that's the case with everybody. You can always move on to a more conducive economic situation and among the areas of reform that is already being discussed, that is on the annual, is reform of the Labour Laws, is reform in the ownership in the banking sector, in the insurance sectors, retail sale outlets. We are also in need of reform in the real estates sector though that's a sector which is booming.
So, yes there are areas in which Government of India will have to continue to make changes to improve the framework within which entrepreneurs work. But India entrepreneurs by and large respond very positively when surveys are undertaken, on their expectations for the future, and are among the most optimistic, the most positive in the world I think.
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