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Financial Access in Post-Reform India$
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T.A. Bhavani and N.R. Bhanumurthy

Print publication date: 2012

Print ISBN-13: 9780198076650

Published to Oxford Scholarship Online: September 2012

DOI: 10.1093/acprof:oso/9780198076650.001.0001

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Indian Financial Sector Indian Financial Sector An International Comparison

Indian Financial Sector Indian Financial Sector An International Comparison

(p.118) 7 Indian Financial Sector An International Comparison
Financial Access in Post-Reform India

T.A. Bhavani

N.R. Bhanumurthy

Oxford University Press

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

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