India's Financial Sector
An Era of Reforms
- Vyuptakesh Sharan - late of Jawaharlal Nehru University, New Delhi
The discussion is divided in three parts. The first part deals with financial intermediaries, the second explores the primary and secondary markets, and the third focuses on the internationalisation of the Indian financial market. Further topicality is provided to the discourse through the final section that discusses the recent turmoil in the Indian financial sector.
The book is a rich source of information for all those who are interested to know about financial sector reforms, especially in the wake of the Percy Mistry Committee and Raghuram Rajan Committee reports. It will also help students and academics working in the fields of economics and development studies.
This book serves as a ready reference for the researchers in the area of financial reforms. It covers financial reforms and impact of reform measures in almost all the areas including banking sector, non banking finance companies, financial intermediaries, primary and secondary capital markets, foreign exchange market and finally activities and impact of FDI and FPI in India.
The book is likely to be most useful for fresh researchers who would like a basic introduction to the state of the financial sector in India. It would also introduce them to the basic publications of the RBI and SEBI.
[The book] examines the reforms in all key segments of the financial system during the last two decades...the period of reforms covered in the book can be said to be the most important and rather an exciting phase of the Indian economy...the analysis and details given in the book can be of good reference material for all those policy makers and academics who are working in the field of monetary economics and/or financial sectors.
