A Study of the Interconnection between the Growth of Financial System and Information Technology and the Challenges Ahead

Authors

  • Bidyanand Choudhary Assistant Professor, Department of Economics,St. Xavier’s College of Management and Technology, Digha Haat, Patna.

Keywords:

Financial Market , Demat Accounts, Information Technology

Abstract

The integration of information technology, the liberalization process, and the subsequent opening of the Indian economy ushered in significant transformations, both quantitative and qualitative, within the financial system. This era witnessed heightened competition and improved investment conditions, leading to a remarkable surge in transaction volumes across various sectors. Particularly noteworthy was the emergence of Demat accounts, which substantially bolstered the participation of retail investors in India, thereby contributing to enhanced financial inclusivity. Moreover, this development played a pivotal role in augmenting the financial literacy levels among the populace, albeit within certain limitations.

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Published

07-05-2024

Issue

Vol 3 Special Issue

Section

Articles

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Copyright (c) 2024 Bidyanand Choudhary

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How to Cite

[1]
Bidyanand Choudhary 2024. A Study of the Interconnection between the Growth of Financial System and Information Technology and the Challenges Ahead. International Journal of Innovations in Science, Engineering And Management. 2, (May 2024), 82–89.