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Financial Sector and Economic Reforms in India

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´╗┐Financial Sector and Economic Reforms in India Arjun Sengupta Of all markets, the market for financial services is most prone to imperfection and. therefore, to failure and that failure occurs because the price of financial services more often than not fails to clear that market. In regard to reform of the financial sector therefore, we must admit that we do not have answers to all the questions, that we have to move step-by-step, looking at the objective conditions which normally are widely different from the ideal and take decisions to reach our goals through trial and error in a practical world.

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