Chapter

Indian Financial Sector Indian Financial Sector <i>An International Comparison</i>

T.A. Bhavani and N.R. Bhanumurthy

in Financial Access in Post-Reform India

Published in print January 2012 | ISBN: 9780198076650
Published online September 2012 | e-ISBN: 9780199081868 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780198076650.003.0007
Indian Financial Sector Indian Financial Sector An International Comparison

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Chapter 7 makes international comparison of some of the specified aspects of Indian financial system for the most recent years using data from the Financial Development Report 2009 and Financial Access 2009. United Kingdom (UK), Brazil and China are selected for the purpose of comparison in view of their level of development in general and financial system in particular. Evidence indicates that the Indian financial system is the smallest—both in depth and breadth—among the four selected countries in majority of the indicators considered in the study. Despite numerous policy measures to enhance financial access India is lagging behind Brazil in terms of access to financial services. This comparison only reemphasizes the need for furthering financial sector reforms in India.

Keywords: Indian financial sector; financial development; financial access; financial systems; financial markets; banking sector; non-banking sector; Brazil; China; UK

Chapter.  6026 words. 

Subjects: Macroeconomics and Monetary Economics

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