Tag Archives: Asia

India’s Emerging Financial Market: A Flow of Funds Model (Routledge Studies in the Growth Economies of Asia)

In the early 1990s, financial liberalization started in India, and it was thought that such reforms would increase economic growth. This argument formed part of the finance led industrialization hypothesis and although higher growth resulted, higher industrialization did not immediately. This book is the first study to comprehensively apply the flow of funds model for India. Using detailed data of…