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An Introduction to India: The Economy, Financial System, SMEs and Venture Capital

In: Venture Capital, Islamic Finance and SMEs

Author

Listed:
  • Mansoor Durrani
  • Grahame Boocock

Abstract

We do not attempt to offer a comprehensive social and economic history of one of the most complex nations on earth. The aim is to give a flavour of key economic and social developments, in order that the reader can place our research findings in context. This chapter starts with a brief introduction to the Indian economy, and it highlights current strengths and weaknesses that influence the nation’s ambitions to become a fully-fledged industrial power. Attention then turns to the financial system, with explicit focus on the financial institutions that support SMEs, before considering the role and development of the SME sector within the economy; Government support for smaller enterprises is identified as an area of concern. The chapter concludes with an assessment of the history, current status and prospects of the VC and private equity industry in India.

Suggested Citation

  • Mansoor Durrani & Grahame Boocock, 2006. "An Introduction to India: The Economy, Financial System, SMEs and Venture Capital," Palgrave Macmillan Books, in: Venture Capital, Islamic Finance and SMEs, chapter 6, pages 72-97, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62625-6_6
    DOI: 10.1057/9780230626256_6
    as

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