<h1>RBI Deputy Governor Highlights India's Economic Growth, Banking Challenges, and MSME Credit Access at International Conference.</h1> The Deputy Governor of the Reserve Bank of India addressed the International Factors Group's Annual Conference, highlighting the state of the Indian economy, banking sector, and factoring services. He noted India's economic transformation post-liberalization, with GDP growth averaging 8% from 2001-2011, but facing challenges like inflation and fiscal deficits. The banking sector has expanded significantly, yet requires further penetration and inclusion, especially in rural areas. The MSME sector plays a crucial role in employment and exports, needing better access to credit. Factoring services, supported by recent legislation, are vital for MSMEs, though awareness and penetration remain challenges.