Indian financial experts, including RBI Deputy Governor M. Rajeshwar Rao, believe that India is on the path to becoming a solid global player thanks to robust financial regulations. Rao emphasized the importance of developing credit markets to address credit risks. He called for a framework that includes measuring, monitoring, managing, mitigating, and migrating credit risks. Rao highlighted the significance of a dynamic secondary market for loan instruments, a wider base of participants, and a robust risk assessment framework. He also mentioned the growing market for securitization products in India and hinted at potential changes in the RBI’s negative list for asset securitization. Other banking leaders echoed the sentiment that India’s strong financial regulations position it as a global leader.