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Impact of financial system on the economic growth of BRICS countries

By: Kar, Mili.
Contributor(s): Dey, Manisha.
Publisher: Noida G. L. Bajaj 2022Edition: Vol.14(1), Jan-Jun.Description: 49-58p.Subject(s): Civil Engineering In: Optimization : Journal of research in managementSummary: Most economists believe that financial development will flourish societies which ultimately improve standard of living of common people. Economic development depends upon financial stability and its sustainability which is in the hand of financial institutions, and financial market. The close interrelation amongst the financial players brings the systematic way of mobilizing the funds towards capital formation. The proper allocation and management of these funds then fetches long term growth prospect for and economy.
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Most economists believe that financial development will flourish societies which ultimately improve standard of living of common people. Economic development depends upon financial stability and its sustainability which is in the hand of financial institutions, and financial market. The close interrelation amongst the financial players brings the systematic way of mobilizing the funds towards capital formation. The proper allocation and management of these funds then fetches long term growth prospect for and economy.

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