• Dr. Kailashpati

The year 1991 after independence proved to be a milestone in the economic history of India. Earlier the country was going through a severe economic crisis. And this crisis forced the policy-makers of India to implement the new economic policy. The situation arising out of the crisis prompted the government to formulate policies aimed at bringing about price stabilization and structural reforms. Stabilization policies were aimed at correcting vulnerabilities, thereby correcting the fiscal deficit and the inverse balance of payments. In this context, in June 1991, the Narasimha Rao government gave a new direction to India's economy and the new economic policy was implemented in the form of economic reforms across the country. Under this new economic policy, the government allowed private companies to enter many such sectors, which were earlier reserved only for the government sectors. The main reason behind implementing this new economic policy was the continuous negative balance of payments. In the present article, the impact of financial sector reforms on economic outcomes in India has been studied.

financial sector reforms, Securities firms, Mutual funds, Insurance, debt-equity, FDI, SEBI, SGL, NDS.

"Impact of Financial Sector Reforms on Economic Outcomes in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 7, page no.1375-1378, July-2018, Available :http://www.jetir.org/papers/JETIR180Z093.pdf

"Impact of Financial Sector Reforms on Economic Outcomes in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 7, page no. pp1375-1378, July-2018, Available at : http://www.jetir.org/papers/JETIR180Z093.pdf