Finance is the linchpin of any development strategy. The financial system promotes savings by providing a wide variety of financial assets to the general public. Savings collected from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If the allocation of credit is judicious and socially equitable, it can help achieve the twin objectives
Popis produktu
Finance is the linchpin of any development strategy. The financial system promotes savings by providing a wide variety of financial assets to the general public. Savings collected from the household sector are pooled together and allocated to various sectors of the economy for raising production levels. If the allocation of credit is judicious and socially equitable, it can help achieve the twin objectives of growth and social justice. This book examines the changes which have swept India's financial sector since Independence in 1947. * Part I begins with the role of financial system in economic development. It traces the evolution of India's financial system since Independence, explains its present structure, and describes the role of Reserve Bank of India in providing stability. * Part II traces the evolution and the present status of various financial institutions (intermediaries) in
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