1. Reforming India's Financial System
- Author:
- Ila Patnaik and Ajay Shah
- Publication Date:
- 01-2014
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- India's financial system has long been inadequate. With an economy worth $2 trillion, the country's financial flaws are increasingly serious and outright dangerous. But fundamental change is under way. The government-backed Financial Sector Legislative Reforms Commission drafted the Indian Financial Code (IFC), a single unified law that replaces most existing financial law in India and is an important milestone in the development of state capacity. Now the government must work to adopt and implement the full code.
- Topic:
- Economics, Monetary Policy, Financial Crisis, and Reform
- Political Geography:
- South Asia and India