The Ministry of Finance, executive of India demonstrated a excessive Powered specialist Committee in 2006 to check the feasibility of India's access into the worldwide marketplace for foreign monetary companies and that of Mumbai changing into a world monetary heart. The Committee's document analyses Mumbai's strengths and weaknesses by way of the above seven key components crucial for the luck of an IFC. The document strives to carry a nuanced appreciation of the most likely bills and advantages of the trail to an IFC, according to an knowing of which policy-makers could make a reasoned selection.
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