期刊名称：International Journal of Innovative Research in Science, Engineering and Technology
印刷版ISSN：2347-6710
电子版ISSN：2319-8753
出版年度：2014
卷号：3
期号：1
页码：8121
出版社：S&S Publications
摘要：The adoption of globalization in the financial sector creates integration into global economy. This providesan opportunity for the nations to reap fruits from free Trade, foreign capital and technology transfer. The access of vastcapital and consumer market in the developed world can be powerful tools for economic growth. The Indian financialmarket scenario was critically analyzed under two sections. The first section aims to give bird’s eye view about thebeginning of globalization and liberalization in Indian Financial market followed by Indian Financial Market road map2020 which explains the opportunities and challenges of Indian Financial Market. A characteristic of the latest financialsub-prime mortgage in US crisis is the collapse of short term commercial paper market. In conclusion it can be emphasizedthat there needs to be well defined frame work which will withstand disruptions and lead the financial market towardsgrowth and progression. Core elements like efficiency, stability, transparency, inclusion and sustainability will play a vitalrole in determining the growth. Standardizing and harmonizing the regulatory norms will help India position itselfprominently on the global pedestal.
