The Financial Sector and the Real Economy: Some Considerations in the Indian Context

Pronab Sen ()
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Pronab Sen: Planning Commission

Chapter 4 in Market, Regulations and Finance, 2014, pp 53-61 from Springer

Abstract: Abstract The chapter examines the role of the financial sector in supporting economic growth in the Indian context. The starting point is that post the global financial crisis, India may have to rely more on an entrepreneur-driven growth strategy to achieve high growth rates than the corporate-led strategy that characterised the mid-2000s. It argues that there are considerable differences in the way the financial sector needs to function in an economy which is corporate led and one which is SME led. This difference needs to inform the policy approach to the financial sector and suggestions are made to this end.

Keywords: Growth drivers; Entrepreneurship; Corporates; Youth employment; Banking; Insurance; SMEs; Skill development (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isbchp:978-81-322-1795-4_4

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DOI: 10.1007/978-81-322-1795-4_4

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