The book deciphers India's financial saga- how does the Indian financial system look today? What forces have shaped its evolution? What future lies ahead? This volume advances the literature on finance by threading fragmented sectoral analyses into a unified tapestry of financial development. The multifaceted nature of the contemporary financial system has been captured by critically examining the trends and transformations in key market segments-banks, equity markets, select non-banking financial institutions, and also by assessing the evolution and significance of the International Financial Services Centre as an emerging global financial hub. The book highlights how digital transformation, artificial intelligence adoptions, FinTechs, and climate finance are reshaping India’s financial landscape. It delves into indigenous models like ‘India Stack’ that resonate on the global stage while creating a transformative impact domestically. With a compelling three-pronged approach—theory, empirics, application to policy—the book redefines and elevates discourse about the Indian financial sector and would serve as a comprehensive guide for academicians, researchers, practitioners, and policymakers.
