A Study of Demographic and Financial Changes in India

Over the last two decades countries like China, India, Brazil, South Africa, and the Russian Federation experienced sweeping changes in their economies. Despite the lack of synchronicity in the alleged cause of these economic reforms, they were all able to settle onto their respective growth trajectories. It is no wonder then that the global forums recognize these economic successes as defining the new economic order, despite the admission of critical internal disadvantages that continue to group these countries alongside other developing and transition economies. This chapter attempts to review the macroeconomic and financial conditions prevailing in India during this important transition period. The focus of this research, therefore, is to explore and observe the possible links and synergies between economic and financial developments functionally related to an important and yet relatively less emphasized factor, namely, the changing demographic pattern in India.