The Indian financial system is undergoing a gradual structural
shift, with a greater role for nonbank intermediaries and higher recourse to market funding for large corporates. Financial system assets equal about 136 percent of GDP, close to 60 percent of which reflect banks’ assets. The state retains an important footprint in the system via ownership of large financial institutions, captive government financing, and directed credit to priority sectors. Levels of Economic Integration Free Trade Common Market Economic Union Political Union Various Arguments of Economic Integration
Increasing Economic Growth
Skilled and cheap labor High Demand for job opportunities Indian Aid to Co- Developing Countries
India emerged as a benevolent donor for her immediate
neighbor's with total foreign assistance, including technical and economic cooperation, and loans to foreign governments, increasing dramatically over the past years. Indian aid perfectly fills this space as it provides untied aid in the form of concessional grants and loans to her neighbor's, targeted at infrastructure development. India provides aid to her neighbor's in sectors that hold mutual economic-strategic interest, such as transport, energy and democracy. In this manner, India acknowledges the development needs of her neighbor's, especially smaller landlocked countries like Bhutan and Nepal.
India, which is in a position of dependency towards the industrialized
States of the West and to the Soviet bloc, and which has been a recipient in the past of massive aid, is now conducting its own aid programmed and forging relationships with some developing States. This suggests dependency upon India, or at least mutual dependency, and calls for a revision in the analysis about States such as India. Price is what you pay. Value is what you get.