Despite having a low exposure to the toxic assets involved in the sub-prime crisis and a gradualist approach towards liberalization of the financial sector, certain parts of the Indian financial sector were significantly affected by the global financial crisis. Though Indian policymakers reacted in a proactive manner and introduced a host of measures to counter the adverse effects of the financial crisis, the recovery has not been uniform; several markets and sectors are still reeling from the crisis' aftershocks. The proposed Basel III norms are going to have a significant impact on the Indian financial sector.
Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/current-state-financial-and-regulatory-frameworks-asian-economies-case-india
[2] http://admin.indiaenvironmentportal.org.in/category/author/abhijit-sen-gupta
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/asian-development-bank-institute
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/asia
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/finance
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/small-scale-industry
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/industry
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/services
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/exports
[12] http://admin.indiaenvironmentportal.org.in/category/thesaurus/leather-industry
[13] http://admin.indiaenvironmentportal.org.in/category/thesaurus/auto-industry