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

In: Market, Regulations and Finance

Author

Listed:
  • Pronab Sen

    (Planning Commission)

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.

Suggested Citation

  • Pronab Sen, 2014. "The Financial Sector and the Real Economy: Some Considerations in the Indian Context," India Studies in Business and Economics, in: Ratan Khasnabis & Indrani Chakraborty (ed.), Market, Regulations and Finance, edition 127, chapter 4, pages 53-61, Springer.
    • Handle: RePEc:spr:isbchp:978-81-322-1795-4_4
    DOI: 10.1007/978-81-322-1795-4_4
    as

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