Banking and Other Financial Services: India Country Study
Posted: 15 May 2013
Date Written: January 1, 2013
We have discussed the evolution of financial services sector, the sector’s impact on growth, employment and trade. We focused on the time period that encompassed major reform. Likewise, we examined trade barriers that confront the service providers in the regional as well as in other overseas markets. It reveals that service sector plays an important role in the economy. Based on various sources of information the Chapter also indicates that there has been a structural transformation in almost all segments of the Indian financial sector since the initiation of reforms. The results we obtain indicate that the reform process has strengthened the health of financial intermediaries, deepened financial markets and enhanced the instruments available in the financial system. There have also been discernible improvements in the competitiveness, efficiency and productivity of the Indian financial system. In fact since the financial reforms of 1991, there have been significant favourable changes in India’s highly regulated banking sector.
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