Böcker av Karthikeyan K. K.

The growth of any economy depends upon a well-organized financialSystem. The system is highly sensitive and volatile to the requirement of economicgoal achievement. Growth materializes when savings are channeled into productiveinvestment s, which in turn enhance the ability of the economy to produce goods andservices. The economic development of a country is influenced by its financialmarket and financial services. The contribution of the financial system towardsnational growth is high and an inseparable one. The financial system promotesinvestment and savings for the faster economic development of any economy. Thefinancial market plays a central role in the economic development of a country. Itfacilitates the allocation of resources by transferring them from savers to borrowers,thereby accelerating the investment activities. The financial market plays a vital rolein the industrial growth and economic growth and development. The worldwidedevelopment of economic markets has appreciated the number of participants withinthe retail investment throughout recent years by affording a heterogeneous financialmarket and investment chance. The Indian stock market has witnessed majortransformation and structural changes during the past three decades correspondinglyenduring economic reforms initiated by the Government.