Indian financial system

The process of industrial growth requires, as one of its accompanying structural changes within an economy, the development
of a capital market capable of meeting the requirments of credit and finance of the private entrepreneurs. Its organisation, of
course, varies from country to country depending.:upon a variety of economic, social and political factors. The scheme of planned
economic development in India has significantly conditioned the course of financial development. The Indian Financial System :
Theory and Practice attempts to present, in the context of the planned growth of industry, a comprehensive account of the main
strands in the evolution of the Indian capital market.
It contains a judicious mixture of theory and practice. The data for the analysis have been collected from widely scattered original
sources. It would be hopefully found useful both by academicians and practitioners.