This study is an attempt to highlight the financial deepening in Newly Industrialised Economies in Asian region. The Principal Component Analysis technique is employed to get the single dimension of financial deepening. The financial systems of China and Singapore economies have witnessed a...

The Indian growth spurt of the 1980s has led DeLong (<CitationRef CitationID="CR6">2003</CitationRef>), Rodrik & Subramaniam (IMF Staff Papers 52(2):193–228, <CitationRef CitationID="CR38">2005</CitationRef>) and Kohli (Economic and Political Weekly 41(14):1361–1370, <CitationRef CitationID="CR18">2006</CitationRef>) to question the need for market reforms in the 1990s and the supporters of liberalization to argue that it...</citationref></citationref></citationref>