Wednesday, December 14, 2005

 

India Ready to Open Financial Services Market

India is willing to open its financial services market to overseas competition in return for greater access to developed markets for its service providers and people, Commerce Minister Kamal Nath said.

"Let them give us more access in transnational movement of services and transnational movement of people,'' Nath said in an interview yesterday about demands by the U.S. and the European Union for more access to India's banking and insurance markets. ``India is willing to move forward in a balanced way.''

India Ready to Open Financial Services Market
Source: Bloomberg

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