Business, Management and Accounting
5 years ago

Financial development drives economic growth in India, study confirms.

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Zenith international journal of business economics and management research
Relevance of financial development and growth Indian scenario: A post liberalization analysis
Aritraa Goswami, Kavika K Yepthomi

Paper Summary

Financial development and economic growth are closely linked in India from 1996 to 2011. The researchers used data from the Reserve Bank of India and found that financial development and economic growth are strongly connected during this time period.

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