Open AccessIndian Financial System- A Descriptive Study
Author(s) -
Manoj Kumar
Publication year - 2020
Publication title -
international journal for research in engineering application and management
Language(s) - English
Resource type - Journals
ISSN - 2454-9150
DOI - 10.35291/2454-9150.2020.0292
Subject(s) - salary , spare part , monetary system , financial system , business , finance , economics , monetary policy , monetary economics , market economy , marketing
A money related framework assumes a fundamental job in the monetary development of a nation. It moderate between the individual who spare a piece of their salary and the individuals, who put resources into resources. The economic growth of a country like India is totally depended upon a financial system. A financial system is a system that interchange the funds between the peoples or lenders and depositors. A money related framework comprises budgetary establishments, monetary markets, budgetary instruments, and monetary administrations. This paper focuses on the Indian financial system, its components and major weakness contain in Indian financial system. It is based on secondary data and information which is taken from secondary source such as journals and books etc.