摘要：The economy of India is currently world's fourth largest in terms of real GDP (PPP). The growth rate of Indian economy was about 7.8 per cent during tenth five year plan. It is set at 9 per cent for eleventh plan. The industrial sector, agricultural sector and services sector have played very important role economic development. However, the research paper considers only banking sector and its impact on development. India is marching towards superpower in the world. In this mission the role of banking sector is very crucial. The present research paper intends to study the role of banks in economic development and strengthening the economy to emerge as superpower in the world.
