FINANCIAL INCLUSION IN INDIA

Authors

  • Laxmi Mehar Assistant Professor, Dept. of Commerce, Delhi University

DOI:

https://doi.org/10.15520/ijbm.vol3.iss4.5.pp42-46

Abstract

India has introduced wide-ranging and impressive reforms in the financial sector especially in formal banking system since the early 1990s. These reforms in the banking sector led to an impressive growth in financial resources as well as overall economic growth. However much more needs to be done to improve the efficiency with which financial resources are allocated to finance the higher levels of investment necessary for sustained growth and poverty reduction. Also with increased liberalization, and as risks become more difficult to monitor and manage, maintaining financial stability will become ever more challenging. This paper assesses progress in banking sector reforms especially focusing on financial inclusions over the past decade or so, and analyse the new challenges that confront India’s policymakers and financial regulators.

Author Biography

  • Laxmi Mehar, Assistant Professor, Dept. of Commerce, Delhi University
    Assistant Professor, Dept. of Commerce, Delhi University

References

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Published

2014-07-21

Issue

Vol. 3 No. 04 (2014)

Section

Articles

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“I certify that I have participated sufficiently in the conception and design of this work and the analysis of the data (wherever applicable), as well as the writing of the manuscript, to take public responsibility for it. I believe the manuscript represents valid work. I have reviewed the final version of the manuscript and approve it for publication. Neither has the manuscript nor one with substantially similar content under my authorship been published nor is being considered for publication elsewhere, except as described in an attachment. Furthermore I attest that I shall produce the data upon which the manuscript is based for examination by the editors or their assignees, if requested.”

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