What is the financial system like in India?

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What is the financial system like in India?

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India has a vibrant capital market with 23 stock exchanges and over 9000 listed companies. With it a strong financial system exists along with a large network of over 63,000 commercial banks and financial institutions throughout the country. Tell me about the rate of inflation and the growth rate of the Indian economy.India has a controlled inflation rate which leads to a greater amount of capital formation and therefore investment. As for the growth rate – The Asian Development Bank reports a growth rate of over 5.5% per year over the last ten years in India. India also ranks third on the world market growth index, which combines the growth prospects and the economic size of each country to assess that country’s importance.

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