Synopsis 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 an socially equitable, it can help achieve the twin objectives of growth and social justice.

The present book explains and examines at length the changes which have swept India’s financial sector since Independence in 1947, with focus on post-1991 period. The book is organized into 6 parts.

The book is designed to interest a cross-section of readers, viz. teachers and students of economics, commerce, law, public administration, business management, charted accountancy and company secretary ship. It will also serve the needs of legislators, business executives, entrepreneurs and investors, and others interested in financial sector developments in India.