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Title:Financial development in emerging markets: The Indian experience PDF Logo
Authors:Krishnan, K. P.
Issue Date:2011
Series/Report no.:ADBI working paper series 276
Abstract:Financial markets that function well are crucial for the long-run economic growth of a country. This paper, in the first instance, looks at how the financial development of an economy can be measured. It then traces the financial development of India through the 1990s to the present, assessing the development of each segment of financial markets. In doing so, it highlights the dualistic development of the financial sector. Finally, the paper makes an attempt to offer an explanation of this dualistic development and proposes a road map for the future development of financial markets in India.
JEL:E44
G18
G28
N25
Document Type:Working Paper
Appears in Collections:ADBI Working Paper Series, Asian Development Bank Institute

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