Context: The global economic gravity shift to Asia combined with China’s contradictions provides an opportunity to create more financial institutions with an Indian “centre of gravity”.
Economic contradictions in China: Regulators cancelling the $35-billion Ant’s Initial Public Offering (IPO), captures the challenges of reconciling communist rule with free markets and entrepreneurship.
A case for more financial institutions with an Indian “centre of gravity”:
Way Forward:
Conclusion: We need to empower our financial services entrepreneurs to exploit the future opportunity created by the Asian century, China’s contradictions and China’s new inward focus strategy.