ROLE OF FINANCIAL INSTITUTIONS IN THE ECONOMIC DEVOLPMENT IN INDIA
Keywords:
Financial development, Economic growthAbstract
Coercion is more of a mystery than a reality when it comes to driving an economy forward in the proper direction. Every nation in the globe aims to be one of the world's most powerful economies. There is a distinct divide between the world's developed and developing economies. The economy of developed nations are robust when contrasted to those of emerging nations. There are several obstacles to economic progress, including overpopulation, illiteracy, and political insecurity, that prevent countries from achieving their full potential. The function of financial institutions and the eventual development of the financial system are critical to the economic progress of any country. It is largely agreed upon by policymakers and economists that financial development helps to the development of financial institutions and markets such as banks, investment firms, and bond and stock exchanges.
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