Analysing Indian Financial System as an Important Factor for Economic Growth

Examining the Role of the Indian Financial System in Economic Development

Abstract

As the economy expands as well as gets market-oriented and complex more, the financial industry begins playing an important role in supporting growth by channelling foreign and domestic capital into effective investments. To increase access to the financial system is additionally a primary problem for creating growth much more sensible and sustainable, out of both social and economic perspectives. Financial systems one of the industries in an economy. It performs particular crucial features for the economy such as the upkeep of payment system, allocation, and compilation of the savings of construction and society of an assortment of retailers of wealth to fit the preferences of savers. The financial system of land is actually a crucial tool for the economic development of the nation. It can help in the creation of wealth by linking the savings with investments. Additionally, it facilitates the flow of money by the households (savers) to company firms (inventors) to assist in wealth development as well as the development of both the parties.