1. – Assistant Professor, Institute for Studies in Industrial Development, New Delhi
| Received
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Accepted
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Published
06-Jul-2021 |
Abstract
The study explores the emerging
relationship between the industrial
and financial structures;
and its implications on industrial
finance. The dynamic interaction
between the two sectors has
been examined by analysing
whether financial liberalisation
succeeded in removing financial
constraints on industrial sector.
We found that not only financial
liberalization has not succeeded
in removing financial constraints
for industrial development
in India, but also it underlines
growing asymmetries between
the financial and industrial
sectors. The financial structure
that emerged in the post reform
period is not aligned as per
the diverse needs of the industrial
sector. It failed to create a
market based approach to the
long term financial needs of the
industry.
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Open Access