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Sources of Industrial Finance: Some Econometric Evidence

By Justin Paul and A. Ramanathan


Indian industry is passing through a crucial phase of transition and restructuring. The country has been embarked upon the program of economic reforms since 1991. This will have significant influence on the growth of industry and subsequent development of the economy. This study examines the major determinants of industrial finance from the point of view of investment and credit and attempts to assess the impact of these reforms on industrial production in India. Section 1: Introduction. Industrialization has an important role to play in the process of economic development. The importance of industrialisation as a means for achieving rapid growth and prosperity had been recognised in the development strategy of independent India. The bold program of industrialization in India was started with the second five-year plan by realizing the need of th

Year: 2011
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