Structural Problems in Financing Development: Issues Relating to India

Santonu Basu

International Review of Applied Economics, 2006, vol. 20, issue 1, 85-101

Abstract: This paper argues that the process of financing development in India increased the fragility of the financial market. Consequently, the need arose for the government to implement policies that would reduce that fragility, and also to introduce strong enforceable bankruptcy laws, in order to prevent the emergence of corruption. It appears that the recent capital market reform did not give adequate attention to reducing the fragility of the financial market.

Keywords: Financial reforms; credit standard; economic development; India (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1080/02692170500362793

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