Mumbai - An International Financial Centre
The Ministry of Finance, Government of India established a High Powered Expert Committee in 2006 to study the feasibility of Indiaâ€™s entry into the global market for international financial services and that of Mumbai becoming an international financial center. The Committeeâ€™s report analyses Mumbaiâ€™s strengths and weaknesses in terms of the above seven key factors essential for the success of an IFC. The report strives to deliver a nuanced appreciation of the likely costs and benefits of the path to an IFC, based on an understanding of which policy-makers can make a reasoned choice.
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