01665cas a2200241 a 4500 AALejournalIMF004993 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869408 1018-5941 BD-DhAAL BD-DhAAL Oura, Hiroko. Financial Development and Growth in India : A Growing Tiger in a Cage? / Hiroko Oura. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the efficiency of the different segments of India's financial system using firm-level data on corporate financing patterns. Firms are increasingly relying on external funds to finance their investment in most recent years. Empirical analyses indicate that (1) the financial system in India is not channeling funds into industries with higher external finance dependence; (2) the debt financing system does not allocate funds according to firms' external finance dependence, while equity financing system does; and (3) firms in an industry that are more dependent on external finance grow more slowly. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2008/079 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/079/001.2008.issue-079-en.xml IMF e-Library