Indian Financial System- A Study of Select Issues
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 2
Abstract
The Indian financial sector today is significantly different from what it used to be a few decades back, in the 1970s and 1980s. The Indian financial system of the pre-reform period essentially catered to the needs of planned development in a mixed-economy framework where the Government sector had a predominant role in economic activity. Financial sector liberalisation in India has been calibrated on cautious and appropriate sequencing of reform measures and was marked by a gradual opening up of the economy. This gradual strategy seemed to have served the country well, in terms of aiding growth, avoiding crises, enhancing efficiency and imparting resilience to the system. In recent years, the Indian Ecosystem has grown towards the maturity. Factors like availability of funding, evolving technology, consolidation strategy adopted by a number of firms and burgeoning demand within the domestic market has given a rise to new beginnings in the forms of startups, angel investing, financial inclusion programs etc. This paper attempts to improve the current understanding of the field in three selected relevant issues. First, it endeavours to map out the investment activity that has been undertaken by a variety of angels, including some of the more prominent angel networks in India. Second, it tries to highlight the major step that Hon’ ble Prime Minister Dr. Narendra Modi announced, "Start-up India, Stand up India" to promote Bank Financing for start-ups and offer incentives to boost entrepreneurship and job creation. Finally, financial inclusion is also considered to be a business opportunity for the formal financial institutions. It would help them in penetrating into unbanked areas and thereby attaining profit. In India, there is a significant increase in the efforts of having the optimal situation of financial inclusion. . Conclusively we can say that the Indian financial system has undergone` structural changes relating to ownership, competition and integration with global financial markets, the necessity of an ongoing restructuring of the regulatory framework and improved monitoring of the embedded risks in the financial system was also recognized. This process of financial liberalization resulted in innovations in instruments and processes, technological sophistication and increased capital flows.
Authors and Affiliations
Anjali Singh, Dr. K. K. Jaiswal
Keywords
Related Articles
- EP ID EP409647
- DOI 10.9790/487X-2002053240.
- Views 64
- Downloads 0
Travelling Salesman Problem (TSP) with Mixed Constraints and Multiple Job Facilities at each station
In this paper, mixed constraints (i.e., precedence and fixed position constraints) are considered in the usual travelling salesman problem with multiple job facilities at each station. The two constraints, i.e., preceden...
Petroleum Pump Price Increase and Business Environment: The Nigerian Economy Standpoint
There have been a lot of theories that explain the impact of petroleum price increase on the business and economic growth of any country, especially Nigeria which has been one of the major oil producing countries in the...
E-Performance Management Systems and Organization Performance of Sacco’s in Kenya
Human resource information system (HRIS) is a concept which utilizes the information technology for effective management of the human resource, its functions and applications.E-performance management system is an importa...
The Relevance of Mumbai Millennials Socioeconomic Background on Their Purchase Behavior of Lifestyle and Luxury Apparels and Accessories
India’s rapidly improving economy and growing affluence of the commercial capital city of Mumbai has broughtin newerand younger buyers. Emerging markets are the new focus of lifestyle and luxury marketers, who have been...
“Information Literacy among Lecturers in Colleges-A Study on Mangalore University Colleges”
"A little knowledge that acts is worth infinitely more than much knowledge that is idle." –Khalil Gibran This paper examined information literacy skills among lecturers of Under graduation colleges which are comes under...