Adr &Amp; Gdr
Submitted by 123.lokesh on January 3, 2009
- Category: Business
- Words: 6544
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Adr &Amp; Gdr
EVOLUTION OF INDIAN ECONOMY
Before going towards the actual topic, let me give you some background of the Indian Economy and the corporate sector since Independence.
When India gained Independence in 1947 it already had a fairly well developed financial infrastructure banking system, stock market, insurance industry that mobilized the savings from the urban industrial areas. The Banking System, which operated broadly along the British System, met the credit requirements for working capital in industry, financed mainly foreign trade and to some extent domestic trade.
The Stock Market dealt with the government Securities and the Securities of the Joint...
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