ABSTRACT Financial liberalization has been a gradual, calibrated and uneven process in India. Since the early 90s, Indian financial system has been transformed in accordance with a market-led economic strategy aiming to attract foreign investments and prepare its integration into the international financial circuits, through institutional changes, regulatory easing, public monopolies ending, etc. A few years after the 2008 global financial crisis, during the Modi government, the financial liberalization process has been significantly renovated and reinforced. In addition, old and new challenges have been (re)emerged, and domestic and external factors also have had considerable impacts by unveiling and aggravating systemic fragilities. In this context, the objective of this article is to analyze the financial deregulation process and its political and economic implications for India in the course of Modi’s first government, in view of the foreign investments, the banking system, the insurance sector and the monetary policy.

中文翻译：

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莫迪政府期间的金融自由化：政治和经济影响

摘要 金融自由化在印度是一个渐进、校准和不平衡的过程。自 90 年代初以来，印度金融体系按照以市场为导向的经济战略进行了转型，旨在通过制度变革、放宽监管、结束公共垄断等方式吸引外国投资并准备融入国际金融体系。一些在 2008 年全球金融危机之后的几年里，在莫迪政府执政期间，金融自由化进程得到了显着更新和加强。此外，新旧挑战已经（重新）出现，国内外因素也产生了相当大的影响，暴露和加剧了系统性脆弱性。在这种情况下，