Finance in India: An Overview
88 Citations•2003•
C. Kirkpatrick, T. Arun
South Asia Economic Journal
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Abstract
Colin Kirkpatrick and T.G. Arun are at the Institute for Development Policy and Management (IDPM), University of Manchester. It has long been recognized that economic growth depends on improvements in the financial system. An efficient financial system facilitates better resource mobilization and use of resources, which accelerate economic growth and thereby contribute to poverty alleviation 0 alilian and Kirkpatrick 2002; World Bank 2001 ). The empirical evidence also suggests that the impact of financial development