Financial sector reforms in India consist of :

Explanation

All three mentioned above are included in financial sector reforms in India. Overall economic reforms covered many sectors. These sectors include removal of the industrial licensing system, removal of restrictions on foreign investment, reduction in import duties and gradual withdrawal of quantitative restrictions, determination of exchange rate by market forces, reforms in the financial sector, liberalisation of the capital market, private sector investment in the public sector, privatisation, reduction in excise duty, reduction in income and corporate taxes, etc. (315) ## Page 14