The first would offer foreign banks a deal by which they create proper subsidiaries in India (which should be easier to regulate) and direct more lending to priority areas such as agriculture.

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Similarly, significant parts of Eastern Europe, East Africa, Southwest Asia, India and Pakistan are unable to receive proper coverage.

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For one, the authorities don't have proper data on the very poor - officially, 37% of India's 1.2 billion people live below the poverty line.

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